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Vodafone Idea has raised 25,000 crores (US$3.6 billion) through a Rights Issue. The Vodafone Idea rights issue is the largest rights issue to date in India and the first capital raising by Vodafone Idea post the merger of Vodafone India and Aditya Birla owned Idea Cellular.
S&R Associates advised Vodafone Idea and the team was led by Partner Sandip Bhagat and Jabarati Chandra, along with Brajendu Bhaskar, Pratichi Mishra, Utkarsh Mishra, Rohini Sud and Sonal Bhargava.
Cyril Amarchand Mangaldas acted as the India legal counsel to the Lead Managers – Kotak Mahindra, DSP Merrill Lynch, Morgan Stanley and HDFC Bank on the transaction.
Read Also: Vodafone-Idea mega Telcom Merger: S&R, Vaish, Bharucha, SAM, AZB, Slaughter
The CAM team was led by Partners Yash Ashar and Abhinav Kumar, along with Principal Associate S Vivek, Consultant Shruti Sarkar, and Associates Tania Chourasia, Siddhant Sattur, Saee Athalye, and Priyattama Bhanj.
Sidley Austin LLP acted as International counsel to the Lead Managers and the team was led by Partners Manoj Bhargava (Singapore), Ankit Kashyap (Singapore), Nicholas R. Brown (New York) and Brian M. Kaplowitz (New York), Counsel Carla G. Teodoro (New York) and Associates Varun Jetly (Singapore) and Christian D. Molander-Barraza (New York).