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Govt shortlists four law firms to assist LIC IPO after failed first attempt

Crawford Bayley, Cyril Amarchand Mangaldas, Link Legal and Shardul Amarchand Mangaldas will make a representation before govt on Friday

Nikunj Ohri New Delhi

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Photo: Bloomberg

2 min read Last Updated : Sep 24 2021 | 2:06 AM IST

The government has now shortlisted four law firms to assist the government in the initial public offering (IPO) of Life Insurance Corporation of India (LIC) after the first attempt failed to get adequate response from intermediaries.

Crawford Bayley, Cyril Amarchand Mangaldas, Link Legal and Shardul Amarchand Mangaldas & Co have been shortlisted to act as legal adviser for the LIC IPO, and will make a representation before the government on Friday.

The financial bids will be opened by a high level committee after presentations are made by these law firms, and Department of Investment and Public Asset Management (DIPAM) would intimate the qualified bidder.