New Delhi: After the sale of Air India, the central government is going to take a big step once again in the aviation sector. The government has decided to sell Pawan Hans, a government company that provides helicopter service. Pawan Hans is currently owned by the Government of India with 51% shares, whose government has decided to sell. According to the information, the buyer of Pawan Hans is a company called Star9 Mobility, which will pay 211.14 crores in lieu of 51% share. At present, this deal is expected to be completed by June.

Pawan Hans helicopters are its primary hub at Juhu Airbase in Mumbai.

The deal to sell the government’s stake in Pawan Hans Limited has been completed for Rs 211.14 crore. Pawan Hans Limited has been running in loss for a long time. This is a joint venture between the government and public sector undertaking ONGC. ONGC holds 49% stake in this. The government had kept a reserve price of Rs 199.92 crore for this deal. While the value of the entire company has been estimated at Rs 414 crore. Along with this, it is being speculated that ONGC may also sell its 49% stake very soon. The value of 49% share has been fixed at Rs 202.86 crore. At present, ONGC has received bids from three companies for 49% stake in Pawan Hans.