Photo: The Economic Times
Govt Yet To Announce Winner Of Air India Bids
The Department of Investment and Public Asset Management said over a tweet, "Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect". The panel is yet to finalise a decision after which it will be disclosed to the parties and the public. For now, both Tata Group and SpiceJet remain in the race for the bid to acquire Air India.
Tags: Air India, SpiceJet, Tata groups, DIPAM
Courtesy: NDTV
Photo: Business Today
Cyril Amarchand Mangaldas To Be The New Legal Advisor Of LIC IPO
The Department of Investment and Public Asset Management (DIPAM) has selected Cyril Amarchand Mangaldas for the role of legal advisor in IPO offer of LIC on September 26. Following the applications rolled out on July 15, the decision was made after four law firms showed interest. Firms including Crawford Bayley, Cyril Amarchand Mangaldas, Link Legal and Shardul Amarchand Mangaldas & Co presented their ideas to the board.
Tags: Life insurance, LIC, DIPAM, IPOs, GOLDMAN SACHS
Courtesy: Mint
