SAM, CAM, Hammurabi, CB, Luthra, ALMT & Trilegal pitch for Air India disinvestment mandate

Friday, 27 October 2017 By Legally India Law firms

Shardul Amarchand Mangaldas (SAM), Crawford Bayley, Luthra & Luthra, ALMT Legal, Trilegal, Hammurabi & Solomon and Cyril Amarchand Mangaldas (CAM) have applied to act as legal advisors on Air India’s share sale, reported the PTI.

The firms will have been making presentations before the Department of Investment and Public Asset Management (DIPAM) today, to be chosen for the mandate.

The biggest consultancies including KPMG, EY and Grant Thornton, among others, are also competing to grab the mandate for transaction advice on the deal which is a result of the June 2017 decision of the cabinet to go ahead with the strategic disinvestment of the loss-making national airline that is straining the public exchequer.

Air India is more than Rs 50,000 crore in debt.

Shardul Amarchand MangaldasCrawford BayleyLuthra & LuthraALMT LegalTrilegalHammurabi & SolomonCyril Amarchand MangaldasL&L Partners

Comments

Guest 28 Oct 2017, 11:17
+0 -2
And CAM has won it!
Truth is bitter 29 Oct 2017, 18:10
+1 -0
Well, just for the record Luthra scored the highest in technicals, anybody who participated in the bidding cant deny that. Cam won cause it bid for bottom of the barrel pricing, manifold times of what Sam, luthra bid...desperate measure or thoughtful strategy, time shall tell!
Merchant banker 28 Oct 2017, 12:27
+1 -0
And azb will be acting for the tatas
Guest 28 Oct 2017, 15:36
+1 -0
With shuva in tata, mandate will come to Sam
Doubtful 29 Oct 2017, 06:57
+0 -0
Well, I have a question. I've heard that firms (including Tier 1) heavily discount their rates when they bid/take on public sector clients. Is this true, and to what extent?
Name and Alias 30 Oct 2017, 05:22
+0 -0
Yes they do. The only criteria once basic requirements are met is lowest fee. There's no science to it.
Commenting is closed for this article.