DIPAM shortlists Cyril Amarchand Mangaldas as legal advisor for LIC IPO

The government aims to come out with the IPO and subsequent listing of Life Insurance Corporation on the bourses in the January-March quarter of 2022

Press Trust of India New Delhi
Life insurance corporation, LIC

DIPAM had first floated RFP on July 15 inviting bids from legal advisors for the mega IPO and the last date for bidding was August 6

The government has shortlisted Cyril Amarchand Mangaldas for giving legal advice on upcoming mega IPO of India's largest insurance company LIC, an official said.
Four law firms — Crawford Bayley, Cyril Amarchand Mangaldas, Link Legal and Shardul Amarchand Mangaldas & Co — had made presentations before the Department of Investment and Public Asset Management (DIPAM) on September 24.
Following presentations, Cyril Amarchand Mangaldas has been selected as legal advisor for the initial public offering (IPO) of Life Insurance Corporation (LIC), the official told PTI.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)


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First Published: Sep 26 2021 | 11:32 AM IST

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