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Jul 23, 2016
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Eligibility criteria for Suuti bankers to be eased
Worried that none of the major investment banks might place bids to manage the Specified Undertaking of the Unit Trust of India (Suuti) mandate, the department of investment and public asset management (Dipam) is set to relax a few contentious conditions in the request for proposal (RFP). According to sources, the government will soon announce clarifications to the RFP floated earlier this month inviting bankers to manage the Rs 60,000-crore potential stake sale in companies held by Suuti.
Source -
http://www.business-standard.com
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