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VERIFIEDMint Companies·neutral
LIC's record OFS stirs the 'near-zero' deal advisor fee debate again
AI Summary
- ·LIC's ₹31,500 crore share sale is set to generate ₹4 lakh in fees for its four investment banks.
- ·This low fee structure revives concerns about aggressive undercutting by banks.
- ·The practice raises questions about prestige and future mandates, potentially pricing out smaller advisors.