The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the recommendation for disinvestment of 100 percent stake in Pawan Hans, a state-owned helicopter service company based in New Delhi.
"CCEA has approved the recommendation for disinvestment of 100 percent shareholding of Government of India to strategic buyer identified through two-stage auction process in the CPSEs including Pawan Hans Ltd (PHL)," Minister of State for Civil Aviation Jayant Sinha said in a statement.
Sinha further said that the CCEA had given in principal approval for strategic disinvestment of Public Sector Units (PSUs) during a meeting in the last week of October. Some of the PSUs that the Centre will entirely exit are Pawan Hans, Hindustan Newsprint, Ferro Scrap Nigam and Central Electronics, among others.
16/12/16 Kalyani Pandey/International Business Times
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"CCEA has approved the recommendation for disinvestment of 100 percent shareholding of Government of India to strategic buyer identified through two-stage auction process in the CPSEs including Pawan Hans Ltd (PHL)," Minister of State for Civil Aviation Jayant Sinha said in a statement.
Sinha further said that the CCEA had given in principal approval for strategic disinvestment of Public Sector Units (PSUs) during a meeting in the last week of October. Some of the PSUs that the Centre will entirely exit are Pawan Hans, Hindustan Newsprint, Ferro Scrap Nigam and Central Electronics, among others.
16/12/16 Kalyani Pandey/International Business Times
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