Government Appoints Merchant Bankers & Legal Advisors for Minority Stake Sales in LIC and PSBs:
Department of Investment and Public Asset Management (DIPAM) finalized the empanelment of merchant bankers and legal advisors for a tenure of three years, with provision for extension up to five years, to lead the government’s minority stake sales in Life Insurance Corporation (LIC), public sector banks (PSBs), and insurance companies. This strategic step is pivotal in aligning with SEBI’s public shareholding norms and accelerating the disinvestment agenda.
