Pawan Hans Sale: Cayman Firm in Winning Bid Flayed By NCLT for Failure to Pay, Show Funding Plan
2 months ago
New Delhi: On April 29, 2022, the Cabinet Committee on Economic Affairs approved Star9 Mobility Private Limited’s bid to buy the government’s 51% stake in public sector helicopter service provider Pawan Hans Limited for Rs 211 crore. Two weeks later, several questions about the privatisation of this once-iconic public sector company remain unanswered and there are questions about the identity of its ...