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Multiple expressions of interest have been received for privatisation of Pawan Hans Limited. The government and Oil and Natural Gas Corporation (ONGC), which have 51% and 49% stakes in the 42 chopper PSU, respectively, have offered to sale their entire stake, according to DIPAM preliminary information memorandum (PIM). “The successful bidder, as identified by government of India for the sale of its 51% stake in PHL, will also have the option to buy ONGC stake of 49% in PHL,” the PIM says.

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