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left arrow Jun 29, 2026

The President of India, acting through the Ministry of Coal (“the Seller”), for the sale of 37,793,155 equity shares aggregating to approximately 2.73% of the total paid up equity share capital of NLC India Limited.

AZB & Partners recently advised the President of India, acting through the Ministry of Coal (“the Seller”), for the sale of 37,793,155 equity shares aggregating to approximately 2.73% of the total paid up equity share capital of NLC India Limited, for an amount aggregating to ₹ 12.24 billion.

The AZB team advising the Seller, comprised our Senior Partners, Varoon Chandra and Agnik Bhattacharyya; our Partner, Rahul Aggarwal; our Senior Associate, Rajat Chadha; and our Associates, Harsh Vardhan Singh and Chitransh Bhansali.

Congratulations to the team involved in this transaction.

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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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