Khaitan & Co. advised Jagran Prakashan Limited in relation to its acquisition of Music Broadcast Private Limited’s parent company IVF Holdings Private Limited from Growth Capital Trustee Company Private Limited being sole trustee of India Value Fund 2. MBPL runs India’s leading radio network under the brand name “Radio City” and is present in 20 stations across 7 states.

Role of the firm involved advising in relation to structuring the transaction, drafting of the definitive documents related to the transaction and carried out a legal due diligence on IVFH and its subsidiaries.

Jagran is India’s leading media and communications group with its interests spanning across Print, OOH, Activations, Digital, covers all of India as its footprint – and is arguably amongst one of the largest media conglomerates in the country.

MBPL is engaged in the business of operating private FM radio stations across India including in Mumbai, Delhi and Bangalore. The Corporate team comprised of Rajat Mukherjee (Lead partner) and Harsh Kumar, Associate Partner and from Competition Law team Manas Kumar Chaudhuri.