Govt ropes in merchant bankers in disinvestment drive
FinMin calls for bids to empanel them for advising on CPSE disinvestment transactions undertaken through OFS, stock market
image for illustrative purpose
Stock Market Dribbling
- Merchant bankers,selling brokersempanelled for 2 yrs
- Last date is Dec 28
- Merchant bankers would conduct market surveys, road shows to generate interest amongst prospective investors
New Delhi: The Finance Ministry has invited bids for the empanelment of merchant bankers and legal advisors for assisting the government in CPSE disinvestment transactions undertaken through OFS and stock market dribbling.
The bids have been invited in four categories -- A++, A+, A and B, based on the size of the transaction. To be eligible for empanelment in the A++ category, which is an OFS transaction size of more than Rs2,000 crore, interested merchant bankers would be required to have completed at least one equity market transaction of the size of Rs2,000 crore. For empanelment for managing OFS transaction size of Rs750 crore to Rs2,000 crore (A+), and less than Rs750 crore (A), the interested merchant banker required to have managed at least one capital market transaction.
