New Delhi: The Central government has once again invited bids to sell its 51% stake Pawan Hans Ltd, the state-owned helicopter service provider.
The government has failed to get a buyer for the company till now.
Interested bidders will also get an option to buy 49% stake held by Oil and Natural Gas Corporation (ONGC) in the company.
In order to bid, the buyer has to have a minimum net worth of Rs 300 crore and will be required to ensure the service continues for three years at least.
Pawan Hans has strategic importance in the oil and gas industry.
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