more-inAmidst reports about shelving its disinvestment plans for HLL Lifecare Limited, the Union government has so far not called for a halt to the preliminary unbundling processes progressing slowly. Those acquainted with the disinvestment proceedings of the company told The Hindu that they had not received any communication from the Centre to stall the procedures set in motion earlier. The preliminary process involved the selection of a transaction adviser, a legal adviser and an asset valuer. A prominent legal firm based in Mumbai was selected as the legal adviser on January 31. In the case of HLL Lifecare, the methods of valuation suggested included discounted cash flow, asset valuation and relative valuation.

Source: The Hindu February 08, 2018 13:07 UTC