American Tower Corporation (ATC) has acquired 51% stake in Viom Networks, a joint venture between Tata Teleservices and Quippo (part of the Srei Group), for a cash consideration of Rs. 7,563 crore ($1.17 billion)..AZB & Partners, Luthra & Luthra and Clifford Chance advised ATC on this transaction..The AZB corporate team was led by Partners Gautam Saha and Shuchi Sinha. AZB Managing Partner Ajay Bahl along with Partner Sunil Agarwal advised on tax related issues while Partner Samir Gandhi advised on Competition law aspect..Luthra & Luthra team included Partner Kanchan Sinha, Managing Associate Shikhar Kacker and Associates Kaustubh Verma, Sonika Bajpeyee and Sanya Parmar. Partner Anshul Jain advised on secretarial aspects of the transaction..Cyril Amarchand Mangaldas advised Viom Networks and its key and minority shareholders. The Cyril Amarchand team was led by Mumbai-based corporate Partner Ashwath Rau along with competition law Partner Nisha Kaur Uberoi and dispute resolution Partner Indranil Deshmukh..The key shareholders which were advised by CAM include include Tata Sons, Tata Teleservices, IDFC Private Equity Fund III, Macquarie SBI Infrastructure Investments Pte Limited, SBI Macquarie Infrastructure Trust, SREI Infrastructure Finance Limited, Sunil Kanoria, IDFC Private Equity Fund II and GIC’s Indivest Pte Limited..Agram Legal Consultants’ Partner Vaishali Sharma advised another shareholder India Infrastructure fund while Nishith Desai Associates’ Partner Vaibhav Parikh advised the Oman Investment Fund’s subsidiary Funderburk Lighthouse.
American Tower Corporation (ATC) has acquired 51% stake in Viom Networks, a joint venture between Tata Teleservices and Quippo (part of the Srei Group), for a cash consideration of Rs. 7,563 crore ($1.17 billion)..AZB & Partners, Luthra & Luthra and Clifford Chance advised ATC on this transaction..The AZB corporate team was led by Partners Gautam Saha and Shuchi Sinha. AZB Managing Partner Ajay Bahl along with Partner Sunil Agarwal advised on tax related issues while Partner Samir Gandhi advised on Competition law aspect..Luthra & Luthra team included Partner Kanchan Sinha, Managing Associate Shikhar Kacker and Associates Kaustubh Verma, Sonika Bajpeyee and Sanya Parmar. Partner Anshul Jain advised on secretarial aspects of the transaction..Cyril Amarchand Mangaldas advised Viom Networks and its key and minority shareholders. The Cyril Amarchand team was led by Mumbai-based corporate Partner Ashwath Rau along with competition law Partner Nisha Kaur Uberoi and dispute resolution Partner Indranil Deshmukh..The key shareholders which were advised by CAM include include Tata Sons, Tata Teleservices, IDFC Private Equity Fund III, Macquarie SBI Infrastructure Investments Pte Limited, SBI Macquarie Infrastructure Trust, SREI Infrastructure Finance Limited, Sunil Kanoria, IDFC Private Equity Fund II and GIC’s Indivest Pte Limited..Agram Legal Consultants’ Partner Vaishali Sharma advised another shareholder India Infrastructure fund while Nishith Desai Associates’ Partner Vaibhav Parikh advised the Oman Investment Fund’s subsidiary Funderburk Lighthouse.