Saraf and Partner advise the Government of India regarding the divestment of a 5% stake....

In connection to the divestment of a 5% stake in the IRCTC owned by the Indian Railways,as a way of an offer and sale of an aggregate consideration of INR 2,726.87 Crores.The Indian Law Firm Saraf and Partners has advised-

• The President of India acting through the Ministry of Railways, Government of India.

• The Department of Investment and Public Assets Management, Ministry of Finance, Government of India.

As a part of the transaction process, Axis Capital Limited, Citigroup Markets India Private Limited, Goldman Sachs India Security Private Limited, and J M Financial Institutional Securities Limited were included as Brokers. The team of Saraf and Partners was led by Murtaza Zoomkawala assisted by associates, Ipsita Pallavi Sahoo, Rainika Malhotra, and Abhiroop Saha along with Paralegal Apoorva Tyagi.

Source- https://www.latestlaws.com/corporate-law-news/saraf-and-partners-advised-the-government-of-india-in-connection-with-a-divestment-of-5-of-its-stake-in-indian-railway-catering-and-tourism-corporation-irctc-194205/

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