(a) Whether the Government has any proposal to disinvest Pawan Hans Helicopters Limited (PHHL) shortly;
(b) If so, the details thereof and the reasons therefor;
(c) the percentage of share likely to be disinvested; and
(d) the time by which it is likely to be done?
Minister of State in the Ministry of CIVIL AVIATION
(Shri Jayant Sinha)
(a) & (b): 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 (CGD);
(c) & (d): CCEA has approved the recommendation of CGD 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);