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AZB & Partners advises Bharti Airtel Ltd & Bharti Airtel Services Ltd.

AZB & Partners advises Bharti Airtel Ltd & Bharti Airtel Services Ltd.

AZB & Partners advised Bharti Airtel Limited (“BAL”) and Bharti Airtel Services Limited (“BASL”) in acquisition by HCIL of the VSAT business of BAL; and acquisition by HCIL Comtel of the VSAT business of BASL. Post the scheme of arrangement becoming effective, HCIL and HCIL Comtel (or their affiliates) will have majority ownership and BAL will have a significant shareholding in the resulting combined entity.

Total transactions were of INR 997.5 Million (USD 14.1 Million).

Team involved Partners Vinati Kastia, Abhishek Shinde and Bharat Apte; Senior Associate Harsh Kabra & Associate Shantanu Tiwari.

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