AZB & Partners recently advised the President of India acting through the Ministry of Coal

AZB & Partners recently advised the President of India acting through the Ministry of Coal (“Seller”), for the sale of 97,064,662 equity shares aggregating to approximately 7.00% of the total paid-up equity share capital of NLC India Limited for an aggregate amount of INR 20.58 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; our Senior Associate, Rajat Chadha and Associate Harsh Vardhan Singh.