Star9 Mobility Private Limited to buy 51 percent of govt share in Pawan Hans Limited

The government has approved the highest bid of Star9 Mobility Private Limited for sale of entire 51 percent of government's shareholding of Pawan Hans Limited and transfer of management control. The Alternative Mechanism, empowered by the Cabinet Committee on Economic Affairs, comprising Union Road Transport and Highways Minister Nitin Gadkari, Union Finance Minister Nirmala Sitharaman, and Union Civil Aviation Minister Jyotiraditya Scindia approved the strategic buyer for disinvestment...