https://www.taxtmi.com/news?id=25370 Government approval was given for the strategic disinvestment of 51% of Pawan Hans Limited and transfer of management control to M/s Star9 Mobility Private Ltd, selected as the highest valid bidder in an open competitive process after due diligence. A reserve price set on expert valuation was met; three financial bids were validated and the successful bidder exceeded the reserve. The transaction moves to issuance of the Letter of Award, signing of the Share Purchase Agreement and closing, with ONGC offering its shareholding on the same terms and the buyer expected to invest in fleet renewal. en-us Sat, 30 Apr 2022 09:44:42 +0530 Sat, 30 Apr 2022 09:44:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25370 Government approval was given for the strategic disinvestment of 51% of Pawan Hans Limited and transfer of management control to M/s Star9 Mobility Private Ltd, selected as the highest valid bidder in an open competitive process after due diligence. A reserve price set on expert valuation was met; three financial bids were validated and the successful bidder exceeded the reserve. The transaction moves to issuance of the Letter of Award, signing of the Share Purchase Agreement and closing, with ONGC offering its shareholding on the same terms and the buyer expected to invest in fleet renewal. News - Sat, 30 Apr 2022 09:44:42 +0530 https://www.taxtmi.com/news?id=25370