Indian law firms reluctant to advise on IPO of insurance giant LIC: Sources

The government is scrambling to list LIC by March, in an exercise set to be India's biggest IPO, at a probable $12 billion. As many as 16 global and domestic investment banks recently bid to handle it. "Most big law firms in India are overburdened with IPO work," said Nitin Potdar, an M&A partner at top Indian law firm

from Banking/Finance-Industry-Economic Times https://ift.tt/3kbItW1