According to several sources, S&R Associates
Shardul Amarchand Mangaldas
Idea drafted in Bharucha & Partners
Idea was also assisted on competition law aspects by AZB & Partners
The Sethi-led S&R team also included Tanya Aggarwal, Rachael Israel, Shivaji Bhattacharya, Lakshmi Pradeep, Raya Hazarika, Meher Mehta, Anita Srinivasan, Tarinee Sudan and Sushmita Sur on the corporate and regulatory side, and Simran Dhir and Natasha Aggarwal on competition law issues.
Bharucha has been a long-standing adviser of Idea’s, and S&R too has acted on Vodafone M&A in the past.
Story developing, continually updating with additional advisers and team names as firms release those.
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
Moneycontrol reported today:
Idea Cellular on Monday announced that its board has approved the merger of Vodafone India and its wholly-owned subsidiary Vodafone Mobile Services Limited with itself in the process creating the country’s largest telecom entity.
According to a report by broking firm CLSA in January, the merged entity will have revenues of over Rs 80,000 crore, giving it a 43 percent market share by revenues and a 40 percent market share by active subscriber base. The behemoth will account for over 25 percent of allocated spectrum and will have to sell about 1 percent to comply with spectrum cap norms.
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A) all aspects of a deal dont go to a single firm.
B) size of firm is irrelevant: S&R and Vaish are fairly small size firms and not in the top 6. Rajat Sethi and Bomi Daruwalla shatter glass ceilings.
C) Clients realise value of specialisation. Competition law is not an add on service to corporate anymore. Nisha Uberoi and Swetha Shroff must be dancing witht delight.
D) You can no longer take a client for granted. Service is all that will matter.
www.londonstockexchange.com/exchange/news/market-news/market-news-detail/VOD/13163570.html
However, several advisers (and partner names) mentioned in our story were not included in the Vodafone release, so that's still based on several of our sources.
If that's not true, then please also report the associates who were working on it. A fair request!
SAM has not yet sent out a press release, I believe.
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