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

source https://economictimes.indiatimes.com/industry/banking/finance/insure/indian-law-firms-reluctant-to-advise-on-ipo-of-insurance-giant-lic-sources/articleshow/86226029.cms