AZB Amarchand steer sale of Daimlers shares in Tata Motors

German car maker Daimler has exited from Tata Motors selling around 25 million shares in Tata Motors to Tata Sons and Citigroup Global Markets, Mauritius. The 0.97 percent stake which was bought by Citigroup cost Rs. 350 crore. Citigroup were advised by Amarchand Mangaldas and by Cleary Gottlieb Steen & Hamilton LLP, domestically and internationally respectively.