Mon, Apr 22, 2019
Pawan Hans strategic sale: 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 from interested bidders by June 18.
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Sun, Mar 25, 2018
Stating that the Pawan Hans is a profit-making entity since its inception and has been paying dividend each year, the union said "as per existing disinvestment policy, those units having a positive net worth, no accumulated losses and having earned net profit for three preceding consecutive years be required to achieve the mandatory listing norms of 25 per cent public holding for listing on the stock exchange..." Pawan Hans has been paying dividends to both government and ONGC, it said, adding, "total dividend it has paid out till date is Rs 2,345 crore from 1995-96 to 2015-2016 while the total taxes paid stand Rs 480 crore during this period."
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