PRESS RELEASE
23 July 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.

AP
AZB & Partners

Contributor

AZB & Partners is one of India's premier law firms with 500+ lawyers and offices across the country. The firm was founded in 2004 with a clear purpose to provide reliable, practical and full–service advice to clients, across all sectors. Having grown steadily since its inception, AZB & Partners now has offices across Mumbai, Delhi, Bangalore, Pune and Chennai. We are recognized by most international publications for our legal expertise.
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)...
India

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.

Contributor

AZB & Partners is one of India's premier law firms with 500+ lawyers and offices across the country. The firm was founded in 2004 with a clear purpose to provide reliable, practical and full–service advice to clients, across all sectors. Having grown steadily since its inception, AZB & Partners now has offices across Mumbai, Delhi, Bangalore, Pune and Chennai. We are recognized by most international publications for our legal expertise.

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