S&R Associates acted the Vodafone Group in its sale of $200m Bharti Infotel, representing around 4.2% interest in Bharti Airtel, to Bharti Enterprises, which was represented by AZB & Partners.

S&R partner Rajat Sethi and associates Tanya Aggarwal and Lakshmi Pradeep acted for Vodafone.

AZB Delhi partner Gautam Saha acted for long-standing client Bharti.

The sale was made due to a telecoms department directive restricting any group from holding stakes in more than one telecom licensee in one area, reported Reuters