Squire Patton Boggs and Crawford Bayley & Co have represented India on the $762 million sale of its stake in Tata Communications (TCL), which was advised by Cyril Amarchand Mangaldas. Khaitan & Co counselled the brokers.
According to the Economic Times, TCL was previously a public sector entity called VSNL, which was privatised in 2002 by divesting 25 percent of its shareholding along with a transfer of management control to Panatone Finvest, the strategic partner.
Khaitan partners Abhimanyu Bhattacharya and Aditya Cheriyan advised Goldman Sachs (India) Securities and ICICI Securities.
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