DIPAM Ropes In L&L Partners As Legal Advisor For Concor Divestment

Container Corporation of India Ltd. on Tuesday said L&L Partners has been appointed as legal advisor for partial divestment of the state-owned firm.

Besides, Deloitte Touche Tohmatsu India has been roped in as transaction advisor and RBSA Valuation Advisors LLP as asset r by Department of Investment and Public Assets Management, according to a BSE filing.

The Cabinet Committee on Economic Affairs last month accorded "in-principle" approval for strategic disinvestment of the government's shareholding of 30.8 percent in Concor.

Presently, the government holds 54.8 percent stake in Concor, which comes under the Railways Ministry.