The Competition Commission of India (CCI) approved the Vodafone-Idea Cellular merger, which at US$23.2 billion is the largest transaction by value in Indian M&A.
The CCI evaluated the merger holistically and examined the current state of play in the telecom sector, along with factors such as consolidation, new entry, benefits to consumers and efficiencies.
Vodafone was represented by Shardul Amarchand Mangaldas, while Idea was represented by Trilegal. The in-house legal team for Idea’s parent company, Aditya Birla Group, was headed by group legal counsel Ashok Gupta and supported by Arun Madhav (Idea), Pankaj Kapdeo (Idea), Shubha Karra (Aditya Birla) and Shirly Thomas (Aditya Birla).
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