Business
Government Extends EoI Deadline By A week , Pawan Hans Stake Sale
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The government has extended the deadline for submission of expression of interest (EoI) for Pawan Hans stake sale by a week, a source said on Wednesday.
The deadline is set to expire on Thursday.
The government holds 51 percent stake in Pawan Hans Ltd (PHL), which has a fleet of 43 helicopters. The remaining 49 percent is with oil and gas behemoth ONGC.
This is the second time the date has been extended since the government came out with the Preliminary Information Memorandum (PIM) for strategic disinvestment in its chopper services providing entity Pawan Hans Ltd in July.
“The date for submission of EoI for stake sale in Pawan Hans has been extended by a week now from the earlier deadline of 12 September,” the source told PTI.