AZB & Partners recently advised the President of India

AZB & Partners recently advised the President of India acting through the Ministry of Power (“Seller”), for the sale of 356,626,218 equity shares aggregating to approximately 3.55% of the total paid up equity share capital of NHPC Limited for an aggregate amount of INR 23.56 billion. The sale took place by way of the offer for sale through the stock exchange mechanism. The AZB team advising the Seller, comprised our Senior Partners, Varoon Chandra and Agnik Bhattacharyya; our Counsel, Rahul Aggarwal and our associates, Rajat Chadha and Harsh Vardhan Singh.