The Union Government plans to sell 10 per cent stake in Rashtriya Chemicals and Fertilisers Ltd (RCFL) through offer for sale (OFS). The Department of Investment and Public Asset Management has sought bids from law firms to act as legal advisers and assist the government in the process. A domestic law firm will act as the legal adviser to the transaction and submit proposals in a consortium with an international law firm of repute, with similar experience and expertise in public offerings or OFS in capital markets, DIPAM said in a notice. The Centre currently holds 75 per cent stake in the public sector undertaking (PSU).