Disinvestment of Pawan Hans on cards

The Cabinet Committee on Economic Affairs (CCEA) has given ‘in-principle’ approval for strategic disinvestment of CPSEs including Pawan Hans Limited based on the recommendations of the Core Group of Secretaries on Disinvestment. CCEA has approved the recommendation for disinvestment of 100 per cent shareholding of Government of India to strategic buyer identified through two-stage auction process in the CPSEs including Pawan Hans Limited (PHL). This was revealed by Jayant Sinha, Minister of State for Civil Aviation, in a reply in Lok Sabha.