Rothschild eyes disinvestment pie | india | Hindustan Times
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Rothschild eyes disinvestment pie

india Updated: Nov 18, 2009 23:09 IST
Anupama Airy
Anupama Airy
Hindustan Times

Leading global investment bank, Rothschild is keen to get associated with India's big-ticket disinvestment starting with state-owned Coal India Ltd, where the government plans to disinvest 10 to 15 per cent of its equity stake.

Rothschild, an advisor to sale of Lehman Brothers Asia in 2008, has informed the ministry of coal about the visit of Richard Heald, Vice Chairman of Rothschild India to Delhi on November 26 and 27 to meet the government officials in this regard.

Rothschild also told the ministry that its India team has been in dialogue “for the past three months with the Department of Disinvestment and the management of Coal India on its pending IPO.”

“The purpose of the meeting is to discuss the governments plans on disinvestment in Coal India,” Rothschild said in its letter of October 23 to the ministry of coal.

“Richard has been advising governments and government owned companies in Europe, Brazil, China, South East Asia and Australia.”

Rothschild, a family owned global investment bank, established a physical presence in India in 1998 by opening an office in Mumbai. The investment bank has informed the government that it was opening another office in Delhi.