Bids have been received for the strategic stake sale in helicopter services provider Pawan Hans, Civil Aviation Secretary R.N. Choubey said on Wednesday.
A profit-making entity, Pawan Hans is a joint venture between the central government and ONGC.
Under the disinvestment proposal, the government offered to offload its entire 51% stake in the company.
The last date for submission of initial bids was June 18. After a tepid response earlier, the government came out with a fresh information memorandum for the strategic stake sale in April.