Kick-starting the process of selling minority stake in seven PSUs including blue chips like IOC, SAIL and NTPC, which have the potential to collectively raise over Rs 34,000 crore, the government has begun scouting for merchant bankers.

The Department of Investment and Public Asset Management (DIPAM) has come out with RFPs for appointing merchant bankers and legal advisers for stake sale in these state-owned companies.

(Source-.business-standard)
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