State owned Pawan Hans Ltd helicopter market giant is now the baby of Star 9 Mobility consortium of Big Charter Pvt Ltd, Maharaja Aviation Pvt Ltd and Almas Global Opportunity Fund SPC. It has market cap of 28%. A state owned company formed in 1985 remained always in profit had loss only in 2018-19. However, it was always in talk due to high number of accidents including the death of Arunachal Chief Minister. Modi government at centre is in full swing to make its balance sheet lighter and smarter by doing one after other disinvestments in state owned companies. This is the second disinvestment after Air India in recent days. The deal is questioned by opposition leader Gaurav Vallabh.
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