Vodafone-Idea mega Telcom Merger: S&R, Vaish, Bharucha, SAM, AZB, Slaughter

The board of Idea Cellular has approved the merger of Vodafone India Ltd and its wholly-owned arm Vodafone Mobile Services with the company, creating the largest telecom merger, reported PTI..The merged entity will have a revenue of Rs. 81,592 crore ($12.1 Billion) as per the documents filed before the Stock Exchanges..DealIdea merges with VodafoneValueUndisclosedSectorTelecomDeal TypeM&ALaw FirmsVodafone S&R Associates, Shardul Amarchand Mangaldas, Slaughter & May;Idea Vaish Associates, AZB & Partners, Bharucha & PartnersHeads/PartnersS&R Associates – Rajat Sethi and Tanya Aggarwal; Shardul Amarchand Mangaldas – Shweta Shroff Chopra and Harman Singh Sandhu; Slaughter & May – Susannah Macknay and Claire Jeffs;Vaish Associates – Bomi Daruwalla; AZB & Partners – Nisha Kaur Uberoi; Bharucha & Partners – Alka Bharucha.Vodafone Legal Team.S&R Associates is advising Vodafone while Slaughter and May is the international counsel..The S&R team is being led by Partners Rajat Sethi and Tanya Aggarwal. The Slaughter team was headed by Partner Susannah Macknay. Partner Claire Jeffs is leading the team on the Competition Law aspect..Shardul Amarchand Mangaldas is advising on Vodafone on Indian Competition Law issues through a team led by Partners Shweta Shroff Chopra and Harman Singh Sandhu, along with Yaman Verma, Aman Singh Sethi, Toshit Shandilya, Geet Sawhney and Neetu Ahlawat while Managing Partner Pallavi Shroff is the strategic advisor on this deal..Idea Legal Team.Vaish Associates is advising Idea on the corporate aspect of the deal and the team is headed by Partner Bomi Daruwalla, along with Principal Associates Krishna Kishore, Yatin Narang and Amitjivan Joshi..AZB & Partners’ Partner Nisha Kaur Uberoi, along with Senior Associate Saumya Hariharan, is advising Idea on the competition aspect of the deal. The other team members include Nandita Sahai, Atreyee Sarkar, Ankita Gulati and Padmini Joshi..Bharucha & Partners is doing the due diligence for Idea and the team is led by Partner Alka Bharucha..Vodafone will own 45.1% in the combined entity after transferring 4.9% to the promoters of Idea Cellular for Rs. 38,740 crore in cash post the merger. As per the disclosure document filed before the Stock Exchange, Idea will have the sole right to appoint the Chairman of the combined entity. Kumar Mangalam Birla and other promoters of Idea Group will hold 26% and the rest will be owned by the public..Details of the entities forming part of the Merger:.Vodafone India Limited.Name: Vodafone India Limited.Size (net worth): INR 126.55 billion.Turnover: INR 50.25 billion.Vodafone Mobile Services Limited.Name: Vodafone Mobile Services Limited.Size (net worth): INR 37.37 billion.Turnover: INR 403.78 billion.Idea Cellular Limited.Name: Idea Cellular Limited.Size (net worth): INR 242.96.37 billion.Turnover: INR 360 billion.The telecom industry is going through a consolidation phase. Recently, Telenor has merged with Airtel..Here are the disclosure statements filed by the Aditya Birla Group with the stock exchanges..Document filed by Aditya Birla Nuvo