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.
Story developing, continually updating with additional advisers and team names as firms release those.
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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.