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Rs 10,000 cr: Amarchand, S&R reprise roles to sell off rest of Vodafone with AZB from Piramal, Analjit

Vodafone: Buying top up
Vodafone: Buying top up

At least three domestic law firms acted on Vodafone UK’s buyout of Vodafone India shareholders to take full control over its Indian subsidiary for more than $1.6bn, as reported by the Economic Times.

Amarchand managing partner Cyril Shroff and Mumbai partner Leena Chacko acted for Piramal Enterprises, which sold 10.97 per cent in Vodafone India to Vodafone UK for around Rs 8,900 crore ($1.47bn).

S&R Associates partner Rajat Sethi bagged the mandate for Vodafone.

AZB & Partners Delhi managing partner Ajay Bahl and partner Anil Kasturi were instructed for Analjit Singh, according to an AZB press release. Singh sold his stake in Vodafone for Rs 1,241 crore ($200m).

A similar team, without AZB, handled the 2011 disposal for $460m of 5.5 per cent of Vodafone Essar’s shares to Piramal Healthcare, also including Crawford Bayley, and international firms Linklaters and Stephenson Harwood.

Earlier this week, Legally India reported another recent deal topping the billion dollar mark with Amarchand, Luthra & Luthra and Crawford Bayley selling Ranbaxy to Sun Pharma for $4bn.

Photo by Sudhamshu

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