•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

AZB Delhi helps close client Bharti Airtel on internal restructuring of Telesonic Networks (Jul ‘19)

The National Company Law Tribunal has approved a scheme of arrangement involving transfer of optical fibre cable business undertaking of Bharti Airtel to wholly-owned subsidiary Telesonic Networks, according to a regulatory filing. The company had in November 2017 announced it plans to transfer the optical fibre cable business to Telesonic Networks for a valuation of up to Rs 5,650 crore.

The Economic Times

AZB & Partners advised Bharti Airtel Limited - one of the Delhi office’s most regular and loyal clients on big ticket corporate deals - and Telesonic Networks Limited led by a team of partners Ajay Bahl, Gautam Saha, Kamal Shankar, Abhinav Ashwin and Bharat Apte.


Deal value: Rs 45.6bn – Rs 56.5bn / $643.8m – $797.6m

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.

No comments yet: share your views