bidding process

News, The Probe

Pawan Hans Investigation Impact: Government Decides to Revamp Bidding Process for Disinvestment of Public Assets

In a three-part series, the Probe’s Ravi Nair, Abir Dasgupta, and Paranjoy Guha Thakurta revealed the glaring discrepancies in selecting the winning bidder for the disinvestment of the government-owned helicopter service provider Pawan Hans Limited. The Probe has learnt that the government has decided to introduce stringent clauses to the due diligence process on qualified bidders in disinvestment deals of public assets.

Adani Watch, News

‘Test case’ shemozzle means Adani still in the race for bankrupt finance company

In a rare instance of not getting its way, the Adani Group failed earlier this year to acquire the assets of the scandal-tainted finance company, DHFL. However, with messy legal disputes potentially de-railing the outcome of the bankruptcy process, there is a chance that a fresh round of bidding may yet take place. This would put Adani back in the race for DHFL’s assets.

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