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Pawan Hans sale: Govt to issue fresh bid document, to indemnify buyers of contingent liability

Updated : May 20, 2019 01:46 PM IST

The government has decided to make the bid document more attractive after discussions with investors on their concerns as the sale process of Pawan Hans failed to attract any suitor when the bidding ended on March 6.
"The fresh preliminary information memorandum (PIM) would be issued by end of May. It has been decided to indemnify the investors of the contingent liability of Rs 500 crore which relates to disputed tax demand," an official source told PTI.
Pawan Hans sale: Govt to issue fresh bid document, to indemnify buyers of contingent liability

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