At least four Indian law firms – S&R Associates, Vaish Associates, Bharucha & Partners and AZB & Partners – advised on the US$23 billion merger of Vodafone subsidiary Vodafone India and Idea Cellular, a listed company that is part of the Aditya Birla Group.
“This is a remarkable transaction with many highlights,” Rajat Sethi, a partner at S&R Associates, told India Business Law Journal. “There is added complexity with telecommunications being a highly regulated sector in India.”
Sethi, along with S&R Associates partners Tanya Aggarwal, Rachael Israel and seven others, advised Vodafone and Vodafone India on M&A, corporate and regulatory matters, while two other lawyers advised on competition law matters. Slaughter and May also advised Vodafone. Its team included partners Roland Turnill, Susannah Macknay, Claire Jeffs, Will Turtle and Mike Lane.