Rs 10,000 cr: Amarchand, S&R reprise roles to sell off rest of Vodafone with AZB from Piramal, Analjit

Breaking Featured

Friday, 11 April 2014 By Legally India Corporate M&A

At least three domestic law firms acted on Vodafone UK’s buyout of Vodafone India shareholders to take full control over its Indian subsidiary for more than $1.6bn, as reported by the Economic Times.

Amarchand managing partner Cyril Shroff and Mumbai partner Leena Chacko acted for Piramal Enterprises, which sold 10.97 per cent in Vodafone India to Vodafone UK for around Rs 8,900 crore ($1.47bn).

S&R Associates partner Rajat Sethi bagged the mandate for Vodafone.

AZB & Partners Delhi managing partner Ajay Bahl and partner Anil Kasturi were instructed for Analjit Singh, according to an AZB press release. Singh sold his stake in Vodafone for Rs 1,241 crore ($200m).

A similar team, without AZB, handled the 2011 disposal for $460m of 5.5 per cent of Vodafone Essar’s shares to Piramal Healthcare, also including Crawford Bayley, and international firms Linklaters and Stephenson Harwood.

Earlier this week, Legally India reported another recent deal topping the billion dollar mark with Amarchand, Luthra & Luthra and Crawford Bayley selling Ranbaxy to Sun Pharma for $4bn.

Photo by Sudhamshu

Comments

Guest 11 Apr 2014, 11:23

+0 -0

@ Kian:

Please do some reporting on the bond issues that have happened in the recent past such as Oil India Limited and SBI ??

only partners? 11 Apr 2014, 15:01

+1 -1

What about the poor associates who burned the midnight oil?

He he 11 Apr 2014, 18:13

+5 -13

They leave post-midnight out of choice, even when there isn't much to do; and greed for free-food at the expense of the firm/ client; and because of their mental sickness which causes em to spend endless hrs Facebook & LinkedIn- stalking, reading random-trash, playing counter-strike and other random multiplayer online and board games with colleagues, during billable-work hours. And most importantly, coz most of em lack gratitude..
[quote name="only partners?"]What about the poor associates who burned the midnight oil?[/quote]

... 12 Apr 2014, 09:59

+3 -1

And I guess the work just happened on its own.

[quote name="He he"]They leave post-midnight out of choice, even when there isn't much to do; and greed for free-food at the expense of the firm/ client; and because of their mental sickness which causes em to spend endless hrs Facebook & LinkedIn- stalking, reading random-trash, playing counter-strike and other random multiplayer online and board games with colleagues, during billable-work hours. And most importantly, coz most of em lack gratitude..
[quote name="only partners?"]What about the poor associates who burned the midnight oil?[/quote][/quote]

@ He he 14 Apr 2014, 17:22

What should associates be grateful for?

Amazing 12 Apr 2014, 10:44

Amarchand is amazing..

aa 12 Apr 2014, 15:11

taking credit for deals they havnt done is nothing new. lots of big law firms do it.

Client 13 Apr 2014, 06:00

+0 -1

Kian please also highlight the name of the other attorneys working on these kind of matters. Its important that everyone gets their due share.

Guest 13 Apr 2014, 08:56

+7 -0

Funny how all the managing partners come out of the woodwork to burnish their CVs when a 'big' deal gets announced.

Lol. These guys can lay claim to any deal their firm does and still they're as insecure as 1st year Associates in their own firms.

Client 14 Apr 2014, 09:02

Hey!

Any idea who has worked on the SBI bond issue ??

Ex-SA 15 Apr 2014, 11:07

Wonder what (or whether any) fees are paid by these super-rich, for doing such deals..?

Commenting is closed for this article.