Saturday, June 09, 2018

Pawan Hans strategic sale: Last date for submission of EoI extended to June 18

The last date for submission of expression of interest (EoI) for strategic disinvestment of Pawan Hans has been extended to June 18, the government said today.

The government had on April 13 came out with a fresh information memorandum for strategic sale of helicopter service company Pawan Hans Limited (PHL), and the last date for submission of EoI was June 11.

However, in a notice today, it said, "The last date for submission of EoI for strategic disinvestment of PHL, in response to the Preliminary Information Memorandum (PIM) issued on April 14, 2018 and corrigendum to the PIM issued on May 31, 2018, has been extended up to June 18, 2018 (6:45 PM). Timelines for all other subsequent activities will change accordingly." So far, the government has received 42 queries relating to the strategic disinvestment of 51 per cent of its stake in the helicopter services provider.

Responding to the queries recently, it said non-scheduled operators can also participate in the bidding process. It said that air transport service operators would also include the non-scheduled operators which hold a valid air operator permit issued by regulatory authorities in India.

However, to several other queries, it said the details would be provided at the request for proposal stage.
08/06/18 PTI/ZeeBiz