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Jul 17, 2023

Jefferies India Private Limited and IIFL Securities Limited, the brokers for the offer for sale by Patanjali Ayurved Limited on the sale of equity shares in Patanjali Foods Limited

AZB & Partners advised Jefferies India Private Limited and IIFL Securities Limited, the brokers for the offer for sale (“Brokers”) by Patanjali Ayurved Limited on the sale of 25,339,640 equity shares in Patanjali Foods Limited (“Company”), representing 7% of the total issued and paid-up equity share capital of the Company, for an amount aggregating to INR 29.01 billion (“Offer for Sale”). The Offer for Sale took place by way of the stock exchange mechanism through the separate designated window of BSE Limited and National Stock Exchange of India Limited and was undertaken for the purpose of achieving the minimum public shareholding requirements prescribed under the SEBI regulations.

The AZB team advising the Brokers, comprised our Senior Partners, Varoon Chandra and Agnik Bhattacharyya, and our Senior Associates, Rahul Aggarwal and Kairav Parikh.

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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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