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Indian law firms reluctant to advise on IPO of insurance giant LIC -sources – Reuters

Indian law firms reluctant to advise on IPO of insurance giant LIC -sources – Reuters

India’s plans to list state-run Life Insurance Corporation (LIC) face an unusual problem: domestic law firms are shying away from advising the government, deterred by the low fees on offer at the time of a lucrative boom in corporate stock listings.

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