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Finance Ministry invites bids from transaction advisors for LIC IPO

The advisors can submit their bids beginning Friday, till July 13, 2020. The bids would be opened by DIPAM on July 14

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The government is looking at listing the country's largest life insurer on domestic bourses in the January-March quarter of current fiscal.

Press Trust of India

3 min read Last Updated : Jun 19 2020 | 2:06 PM IST

Kick-starting the process of LIC disinvestment, the Finance Ministry on Friday invited bids from consulting firms, investment bankers, and financial institutions for advising it on the proposed initial public offer.

The government proposes to engage up to two pre-IPO transaction advisors, for assisting the Department of Investment and Public Asset Management (DIPAM) in the preparatory processes leading to the Initial Public Offer (IPO) of Life Insurance Corporation of India (LICI), tipped to be the largest ever in the country.

The government "proposes to engage up to two pre-IPO Transaction Advisor(s) from reputed professional consulting firms/ investment bankers/ merchant bankers/ financial institutions/ banks,

Topics : Nirmala Sitharaman Life Insurance Corporation LIC Dipam Disinvestment

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