Soon after the Centre started the process for planned privatising of Air India, it put out a preliminary information memorandum and expression of interest for Hindustan Newsprint, and is expected to issue one for Pawan Hans, said an official.
is a wholly owned subsidiary of Hindustan Paper Corporation, which is divesting its entire stake. Pawan Hans
is jointly owned by the Centre and ONGC Ltd, which have an equal 50 per cent stake
in the helicopter services provider.
The Centre will divest its entire stake
in Pawan Hans.