The Cabinet Committee on Economic Affairs (CCEA) in its meeting held on 27th Oct, 2016 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 percent shareholding of Government of India to strategic buyer identified through two-stage auction process in the CPSEs including Pawan Hans Limited (PHL)
This information was given by Shri Jayant Sinha, Minister of State for Civil Aviation in written reply to a question in Lok Sabha today.
UM/NP