AZB & Partners advised Citigroup Global Markets India Private Limited and Goldman Sachs (India) Securities Private Limited (Brokers), in relation to the sale of 2.5% stake by Tobacco Manufacturers (India) Limited in ITC Limited for an amount aggregating to approximately USD 1.50 billion. Tobbaco Manufacturers (India) is an affiliate of tobacco giant British American Tobacco.
The sale took place on the floor of stock exchanges via the screen-based trading platform.
The AZB team advising the Brokers comprised our Senior Partners, Varoon Chandra and Lionel D’Almeida and our Partner, Rahul Aggarwal.
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