Another PSU Off The Government's Disinvestment Pipeline

The government has decided to scrap the proposed sale of 51% stake in helicopter service provider Pawan Hans. A senior government official told Business Today TV that the inter-ministerial group looking into the sale will quash the sale process shortly. "We are unlikely to look at divesting Pawan Hans anytime soon," the official added. The file for closing the process will be put up for approval by the group next week. Despite a competitive bidding process, allegations against the bidder had disrupted the transparency of the process.