<h1>Government Sells 51% Stake in Pawan Hans to Star9 Mobility for Rs 211.14 Crore After Multiple Disinvestment Attempts.</h1> The government has approved the sale of its 51% stake in Pawan Hans Limited (PHL) to M/s Star9 Mobility Private Ltd. This decision was made by the Alternative Mechanism, which includes key government ministers. PHL, a joint venture between the government and ONGC, has faced multiple failed disinvestment attempts since 2016. The successful bid of Rs 211.14 crore by Star9 Mobility, which is above the reserve price, marks the fourth attempt at disinvestment. The transaction, supported by an open bidding process, aims to revitalize PHL by replacing its aging helicopter fleet and improving company performance.