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Jun 11, 2025

Citigroup Global Markets India Private Limited and Goldman Sachs (India) Securities Private Limited, in relation to the sale of 2.5% stake by Tobacco Manufacturers (India) Limited.

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. 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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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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