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Jio goes shopping for $399m: CAM helps Reliance Industries, Trilegal for Hathway

Mukesh Ambani’s Reliance Industries, for its telecoms upstart giant Jio, has agreed to buy a majority 51.3% stake in Hathway Cable & Datacom for Rs 2,940 crore through a preferential issue and an open offer to minority shareholders in Hathway subsidiary GTPL Hathway, according to reports.

Cyril Amarchand Mangaldas managing partner Cyril Shroff with partners Ravi Kumar, Anchal Dhir and Yashojit Mitra have advised Reliance Industries and Jio on the transaction. CAM’s due diligence was led by Mumbai-based partners Manisha Kumar and Manu Varghese. New Delhi-based partner Ranjan Negi assisted on due diligence related to intellectual property. Mumbai-based partners Avaantika Kakkar and Anshuman Sakle advised on competition law aspects.

Trilegal advised Hathway Cable & Datacom Limited (HCDL) led by a team including partners Sridhar Gorthi and Kunal Chandra, senior associates Harshil Dalal, Deep Choudhuri and Debaditya Datta, and associate Akriti Gupta.

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.

Click here if you are working with a law firm that has not been credited for this deal, and we will update the report promptly.

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Like +0 Object -1 BJP 18 Oct 18, 13:08
www.vccircle.com/reliance-to-take-control-of-hathway-den-networks
- Kian please report accurately, it widely known that it was AZB and Khaitan which helped Reliance. RIL's primary legal adviser has always been AZB Bombay.
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1.1
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Like +1 Object -0 kianganz 18 Oct 18, 13:22 LI subscriber
I think the others may have been involved in the parallel Den Networks transaction, which we'll also be reporting once we get full information.
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1.1.1
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Like +2 Object -0 Named 18 Oct 18, 16:14
It’s part of the same transaction Kian. Not separate
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1.1.2
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Like +1 Object -1 yesss 18 Oct 18, 16:52
AZB did the transaction documents for RIL, Khaitan did the due diligence for RIL and Link Legal acted for Den and the promoters.
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1.1.2.1
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Like +1 Object -0 Canned Ham 18 Oct 18, 21:46
And CAM was overall lead?
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1.1.3
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Like +2 Object -1 Dhakkan 18 Oct 18, 21:09
You THINK?

Is that how you publish articles? How u THINK?!
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1.1.3.2
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Like +2 Object -0 kianganz 18 Oct 18, 22:15 LI subscriber
Yeah, pretty much :)

In this case, it seems fair to treat these as separate deals. We've reported the other leg of the transaction here:
www.legallyindia.com/corporatemna/azb-khaitan-double-team-reliance-as-link-legal-assists-den-networks-on-311m-jio-payday-20181018-9608

Thanks for the tip in comment 1.1.2 above.

I think the confusion may be because RIL announced both deals at once, which is how most media reported them.
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Like +8 Object -2 Guest 18 Oct 18, 13:24  interesting
Whats the whole point of highlighting names of the lawyers?
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Like +0 Object -0 In Da-House 12 Nov 18, 19:46
Can trilegal people be chill now about their pantry food :P
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