Why ONGC Merger Not Explored, Congress On Pawan Hans Disinvestment

New Delhi: The Congress on Sunday raised questions over the deal to sale Centre's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), asking why the government did not explore merging the firm with ONGC instead of deciding to hand it over to a consortium that is just six-months-old. The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), along with the transfer of management control, for ₹ 211.14 crore. The reserve price for the strategic sale, which comes after three unsuccessful attempts, was fixed at ₹ 199.92 crore based on the valuation carried out by the transaction adviser and asset valuer. Attacking the government over the decision, Congress spokesperson Gourav Vallabh said that in the series of miscalculated and injudicious disinvestment decisions to justify their financial policies, "they are committing a series of blunders".  The reserve price for the sale of this 51 per cent majority stake was fixed at ₹ 199.92 crores and the other two bidders that participated made bids of ₹ 181.05 crore and ₹ 153.15 crore respectively, Mr Vallabh pointed out.

New Delhi: The Congress on Sunday raised questions over the deal to sale Centre's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), asking why the government did not explore merging the firm with ONGC instead of deciding to hand it over to a consortium that is just six-months-old. The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), along with the transfer of management control, for ₹ 211.14 crore. The reserve price for the strategic sale, which comes after three unsuccessful attempts, was fixed at ₹ 199.92 crore based on the valuation carried out by the transaction adviser and asset valuer. Attacking the government over the decision, Congress spokesperson Gourav Vallabh said that in the series of miscalculated and injudicious disinvestment decisions to justify their financial policies, "they are committing a series of blunders".  The reserve price for the sale of this 51 per cent majority stake was fixed at ₹ 199.92 crores and the other two bidders that participated made bids of ₹ 181.05 crore and ₹ 153.15 crore respectively, Mr Vallabh pointed out.New Delhi: The Congress on Sunday raised questions over the deal to sale Centre's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), asking why the government did not explore merging the firm with ONGC instead of deciding to hand it over to a consortium that is just six-months-old. The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), along with the transfer of management control, for ₹ 211.14 crore. The reserve price for the strategic sale, which comes after three unsuccessful attempts, was fixed at ₹ 199.92 crore based on the valuation carried out by the transaction adviser and asset valuer. Attacking the government over the decision, Congress spokesperson Gourav Vallabh said that in the series of miscalculated and injudicious disinvestment decisions to justify their financial policies, "they are committing a series of blunders".  The reserve price for the sale of this 51 per cent majority stake was fixed at ₹ 199.92 crores and the other two bidders that participated made bids of ₹ 181.05 crore and ₹ 153.15 crore respectively, Mr Vallabh pointed out.New Delhi: The Congress on Sunday raised questions over the deal to sale Centre's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), asking why the government did not explore merging the firm with ONGC instead of deciding to hand it over to a consortium that is just six-months-old. The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), along with the transfer of management control, for ₹ 211.14 crore. The reserve price for the strategic sale, which comes after three unsuccessful attempts, was fixed at ₹ 199.92 crore based on the valuation carried out by the transaction adviser and asset valuer. Attacking the government over the decision, Congress spokesperson Gourav Vallabh said that in the series of miscalculated and injudicious disinvestment decisions to justify their financial policies, "they are committing a series of blunders".  The reserve price for the sale of this 51 per cent majority stake was fixed at ₹ 199.92 crores and the other two bidders that participated made bids of ₹ 181.05 crore and ₹ 153.15 crore respectively, Mr Vallabh pointed out.New Delhi: The Congress on Sunday raised questions over the deal to sale Centre's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), asking why the government did not explore merging the firm with ONGC instead of deciding to hand it over to a consortium that is just six-months-old. The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), along with the transfer of management control, for ₹ 211.14 crore. The reserve price for the strategic sale, which comes after three unsuccessful attempts, was fixed at ₹ 199.92 crore based on the valuation carried out by the transaction adviser and asset valuer. Attacking the government over the decision, Congress spokesperson Gourav Vallabh said that in the series of miscalculated and injudicious disinvestment decisions to justify their financial policies, "they are committing a series of blunders".  The reserve price for the sale of this 51 per cent majority stake was fixed at ₹ 199.92 crores and the other two bidders that participated made bids of ₹ 181.05 crore and ₹ 153.15 crore respectively, Mr Vallabh pointed out.New Delhi: The Congress on Sunday raised questions over the deal to sale Centre's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), asking why the government did not explore merging the firm with ONGC instead of deciding to hand it over to a consortium that is just six-months-old. The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), along with the transfer of management control, for ₹ 211.14 crore. The reserve price for the strategic sale, which comes after three unsuccessful attempts, was fixed at ₹ 199.92 crore based on the valuation carried out by the transaction adviser and asset valuer. Attacking the government over the decision, Congress spokesperson Gourav Vallabh said that in the series of miscalculated and injudicious disinvestment decisions to justify their financial policies, "they are committing a series of blunders".  The reserve price for the sale of this 51 per cent majority stake was fixed at ₹ 199.92 crores and the other two bidders that participated made bids of ₹ 181.05 crore and ₹ 153.15 crore respectively, Mr Vallabh pointed out.New Delhi: The Congress on Sunday raised questions over the deal to sale Centre's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), asking why the government did not explore merging the firm with ONGC instead of deciding to hand it over to a consortium that is just six-months-old. The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), along with the transfer of management control, for ₹ 211.14 crore. The reserve price for the strategic sale, which comes after three unsuccessful attempts, was fixed at ₹ 199.92 crore based on the valuation carried out by the transaction adviser and asset valuer. Attacking the government over the decision, Congress spokesperson Gourav Vallabh said that in the series of miscalculated and injudicious disinvestment decisions to justify their financial policies, "they are committing a series of blunders".  The reserve price for the sale of this 51 per cent majority stake was fixed at ₹ 199.92 crores and the other two bidders that participated made bids of ₹ 181.05 crore and ₹ 153.15 crore respectively, Mr Vallabh pointed out.New Delhi: The Congress on Sunday raised questions over the deal to sale Centre's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), asking why the government did not explore merging the firm with ONGC instead of deciding to hand it over to a consortium that is just six-months-old. The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), along with the transfer of management control, for ₹ 211.14 crore. The reserve price for the strategic sale, which comes after three unsuccessful attempts, was fixed at ₹ 199.92 crore based on the valuation carried out by the transaction adviser and asset valuer. Attacking the government over the decision, Congress spokesperson Gourav Vallabh said that in the series of miscalculated and injudicious disinvestment decisions to justify their financial policies, "they are committing a series of blunders".  The reserve price for the sale of this 51 per cent majority stake was fixed at ₹ 199.92 crores and the other two bidders that participated made bids of ₹ 181.05 crore and ₹ 153.15 crore respectively, Mr Vallabh pointed out.New Delhi: The Congress on Sunday raised questions over the deal to sale Centre's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), asking why the government did not explore merging the firm with ONGC instead of deciding to hand it over to a consortium that is just six-months-old. The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), along with the transfer of management control, for ₹ 211.14 crore. The reserve price for the strategic sale, which comes after three unsuccessful attempts, was fixed at ₹ 199.92 crore based on the valuation carried out by the transaction adviser and asset valuer. Attacking the government over the decision, Congress spokesperson Gourav Vallabh said that in the series of miscalculated and injudicious disinvestment decisions to justify their financial policies, "they are committing a series of blunders".  The reserve price for the sale of this 51 per cent majority stake was fixed at ₹ 199.92 crores and the other two bidders that participated made bids of ₹ 181.05 crore and ₹ 153.15 crore respectively, Mr Vallabh pointed out.New Delhi: The Congress on Sunday raised questions over the deal to sale Centre's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), asking why the government did not explore merging the firm with ONGC instead of deciding to hand it over to a consortium that is just six-months-old. The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), along with the transfer of management control, for ₹ 211.14 crore. The reserve price for the strategic sale, which comes after three unsuccessful attempts, was fixed at ₹ 199.92 crore based on the valuation carried out by the transaction adviser and asset valuer. Attacking the government over the decision, Congress spokesperson Gourav Vallabh said that in the series of miscalculated and injudicious disinvestment decisions to justify their financial policies, "they are committing a series of blunders".  The reserve price for the sale of this 51 per cent majority stake was fixed at ₹ 199.92 crores and the other two bidders that