‘In-principle’ approval for Pawan Hans’ disinvestment: Jayant Sinha

New Delhi, Dec 15 (IANS) The union government on Thursday informed Parliament that an ‘in-principle’ approval has been given for the strategic disinvestment of state-owned chopper operator Pawan Hans.

According to Minister of State for Civil Aviation Jayant Sinha, the decision was taken by the Cabinet Committee on Economic Affairs (CCEA) in its meeting held on October 27, 2016.

“The CCEA… has given ‘in-principle’ approval for strategic disinvestment of CPSEs (Central Public Sector Enterprises) including Pawan Hans (PHL) based on the recommendations of the Core Group of Secretaries on Disinvestment,” Sinha was quoted as saying in a written reply to a question in the Lok Sabha.

“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 PHL.”