LIC IPO: THE GOVERNMENT SHORTLISTS EDELWEISS, DELOITTE AS PRE-IPO ADVISORS

Highlights

• In order to qualify as an advisor for the pre-IPO deal, the bidder needs to have an experience of handling at least one IPO of Rs 5,000 drive between April 1, 2017 and March 31, 2020

• As per the request for proposal (RPF), the Central Government holds 95 percent stake in the LIC

According to the sources, the Government of India has shortlisted Edelweiss Financial Services Ltd and Deloitte a....