DIPAM to Appoint Legal & Transaction Advisors Close RINL VSP Sale
Express News Service reported that India’s Finance Ministry’s Department of Investment and Public Asset Management has issued separate notifications seeking request for proposal for engagement of a legal advisor and a transaction advisor for 100% strategic disinvestment of Rahtriya Ispat Nigam Limited and its stake in its subsidiaries and joint ventures. DIPAM invited proposals for engagement of a legal advisor and transaction advisor for completing the transaction. Interested and eligible agencies, who meet the prescribed requirement, are advised to submit their competitive bids & offers online through e-procurement system on the central public procurement portal. No bids will be accepted in physical/manual mode. A pre-bidding meeting will be held on July 15. Bids that open on July 7 will be received till July 28. Technical bids will be opened on July 18.
Hans News Service reported that Trade unions held protests near the main gate of the Visakhapatnam steel plant. The workers raised concerns over the establishment of a legal advisory on the sale of the steel plant as the centre is all set for the sale of the Visakhapatnam steel plant.