AZB & Partners Advised Citigroup And Goldman Sachs In USD 1.5 Billion Block Trade Of ITC Shares

AZB & Partners Advised Citigroup and Goldman Sachs in USD 1.5 Billion Block Trade of ITC Shares

AZB & Partners advised Citigroup Global Markets India Private Limited and Goldman Sachs (India) Securities Private Limited (collectively, the “Brokers”) in connection with the sale of a 2.5% stake in ITC Limited by Tobacco Manufacturers (India) Limited, valued at approximately USD 1.5 billion.

The transaction was executed on the floor of the stock exchanges through the screen-based trading platform, in line with regulatory norms governing secondary market trades.

The AZB team advising the Brokers included Varoon Chandra (Senior Partner), Lionel D'Almeida (Senior Partner), and Rahul Aggarwal (Partner).

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