Source: Bar and Bench

Tata Group has sold its Urea business, part of Tata Chemicals to Pune-based Yara Fertilizers India for Rs 2,670 crore ($400 million).

AZB & Partners acted for Tata Group with a team led by Partner Rishi Gautam.

Cyril Amarchand Mangaldas advised Yara Fertilizers with a team led by Mumbai-based corporate partners Tushar Mavani and Smruti Shah.

Mumbai based dispute resolution partner Sharad Mathkar and competition law partner Bharat Budholia advised on litigation and competition law aspects, respectively. Tax partners S.R. Patnaik and Mekhala Anand advised on taxation matters whereas corporate and real estate partner Gyanendra Kumar, advised on real estate aspects of this deal.