New Delhi: The proposed IPO of state-run Airports Authority of India and helicopter operator Pawan Hans could be delayed due to involvement of multiple agencies, an aviation ministry official said.
The official said that AAI faced the daunting task of getting its land mapped and valued besides hiving off air traffic and navigation services business. Pawan Hans, on the other hand, needs approval from petroleum and finance ministries before hitting the bourses. AAI had earlier this year hired SBI Caps, the investment banking arm of SBI, to help it proceed for listing. Pawan Hans is yet to engage an advisor for the proposed share sale.
Aviation minister Ashok Gajapathi Raju has stated that government wants divestment in the two state-run airport and helicopter operators.Accordingly, the draft civil aviation policy has listed AAI and Pawan Hans for divestment.
08/07/15 Nirbhay Kumar/Mydigitalfc.com
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The official said that AAI faced the daunting task of getting its land mapped and valued besides hiving off air traffic and navigation services business. Pawan Hans, on the other hand, needs approval from petroleum and finance ministries before hitting the bourses. AAI had earlier this year hired SBI Caps, the investment banking arm of SBI, to help it proceed for listing. Pawan Hans is yet to engage an advisor for the proposed share sale.
Aviation minister Ashok Gajapathi Raju has stated that government wants divestment in the two state-run airport and helicopter operators.Accordingly, the draft civil aviation policy has listed AAI and Pawan Hans for divestment.
08/07/15 Nirbhay Kumar/Mydigitalfc.com
