New Delhi: The final share purchase agreement will be shared soon with shortlisted bidders of Pawan Hans for selling the government and ONGC's stake in the helicopter service provider, an official said.
A meeting of the Alternative Mechanism on strategic disinvestment headed by Finance Minister Arun Jaitley and comprising Civil Aviation Minister Suresh Prabhu would be called soon to get the clearance for the final share purchase agreement (SPA).
The government holds 51 per cent stake in Pawan Hans, which has a fleet of 46 choppers. The remaining 49 per cent is with state-run ONGC.
"The final SPA is ready, we are waiting for the meeting of the Alternative Mechanism following which it would be shared with bidders," the official told .
The government is aiming to complete the strategic sale of Pawan Hans in the current fiscal ending March.
The draft SPA and Request for Proposal (RFP) was circulated to shortlisted bidders on December 21, 2018, and a four-week time was given to them seeking comments.
In April last year, the government had issued the information memorandum for the 51 per cent strategic stake sale in Pawan Hans and had sought expression of interest (EoI) from interested bidders by June 18.
17/02/19 PTI/Times of India
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A meeting of the Alternative Mechanism on strategic disinvestment headed by Finance Minister Arun Jaitley and comprising Civil Aviation Minister Suresh Prabhu would be called soon to get the clearance for the final share purchase agreement (SPA).
The government holds 51 per cent stake in Pawan Hans, which has a fleet of 46 choppers. The remaining 49 per cent is with state-run ONGC.
"The final SPA is ready, we are waiting for the meeting of the Alternative Mechanism following which it would be shared with bidders," the official told .
The government is aiming to complete the strategic sale of Pawan Hans in the current fiscal ending March.
The draft SPA and Request for Proposal (RFP) was circulated to shortlisted bidders on December 21, 2018, and a four-week time was given to them seeking comments.
In April last year, the government had issued the information memorandum for the 51 per cent strategic stake sale in Pawan Hans and had sought expression of interest (EoI) from interested bidders by June 18.
17/02/19 PTI/Times of India
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