ONGC Board Approves Exiting Pawan Hans

Oil and Natural Gas Corporation (ONGC) has approved exiting its helicopter service provider Pawan Hans by selling its entire 49% stake. 
The move will cut debt and consolidate resources in this core oil and gas business. ONGC wants its interest to be clubbed with the 51% government stake that is already on offer for sale. 
Source- AIR World Service

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018- 
  • Shashi Shanker is the present Chairman and Managing Director of ONGC. 
  • It headquarters in New Delhi.