JM Financial has been appointed as the transaction advisor to the government's over Rs 37,000 crore stake sale in HPCL to ONGC. Cyril Amarchand Mangaldas has been selected as the legal advisor for handling the stake sale.
The process of selection of transaction advisor was kicked off by the Department of Investment and Public Asset Management (DIPAM) in July and as many as five consultants had submitted expression of interest (EoI).
JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.
