 "IDBI Bank")
About eight law firms are in the race to advise the government in the strategic disinvestment of IDBI Bank.
These law firms will make a presentation before the Inter-Ministerial Group (IMG) chaired by DIPAM Secretary on Wednesday, and one firm would be selected as the legal advisor.
The law firms that are in the race include Crawford Bayley, L&L Partners, Link Legal, S&R Associates, Saraf and Partners, S&G Partners, Surana & Surana and Trilegal.
The government is looking to sell its 45.48 per cent shareholding in IDBI Bank. Life Insurance Corporation of India (LIC), which owns 49.24 per cent, will
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