Squire Patton Boggs and Crawford Bayley & Co have represented India on the $762 million sale of its stake in Tata Communications (TCL), which was advised by Cyril Amarchand Mangaldas. Khaitan & Co counselled the brokers.

According to the Economic Times, TCL was previously a public sector entity called VSNL, which was privatised in 2002 by divesting 25 percent of its shareholding along with a transfer of management control to Panatone Finvest, the strategic partner.

Khaitan partners Abhimanyu Bhattacharya and Aditya Cheriyan advised Goldman Sachs (India) Securities and ICICI Securities.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Other News

DOCVIT latest PRC firm to launch Hong Kong office

by Charlie Wu 吴卓言 |

Beijing-based DOCVIT Law Firm has expanded its footprint by opening a new office in Hong Kong, the firm's tenth branch overall, amid a growing influx of mainland Chinese legal practices in the city.

Deals

Milbank, CAM advise lenders on $1.4 bln financing of Adani data centre JV

by Asian Legal Business《亚洲法律杂志》 |

A&O Shearman and Saraf and Partners have advised a JV between India's Adani Enterprises and private data centre operator EdgeConneX on securing financing of up to $1.44 billion to build data centres, with Milbank and Cyril Amarchand Mangaldas advising the lenders.

Appointments

Mumbai: Induslaw welcomes back corporate lawyer from in-house role

by Mari Iwata |

Corporate lawyer Siddharth Manchanda has returned to Induslaw as a partner in Mumbai after a two-year stint as general counsel at edtech company Unacademy.