S&R Associates represented Citigroup Global Markets India in connection with the delivery of a fairness opinion to the board of directors of TV18 Broadcast Limited (“TV18”), a listed company, for the proposed amalgamation pursuant to a scheme of arrangement of TV18 and e-Eighteen.com Limited (“e-Eighteen”) into Network18 Media & Investments Limited (“Network18”), a listed company, and the issuance and allotment of equity shares of Network18 to the shareholders of TV18 and e-Eighteen as consideration.
The S&R team was led by partner Sudip Mahapatra, and included associates Komal Parakh and Gayathri Kamath.
For reference, please see the stock exchange announcement below in relation to the transaction:
https://www.bseindia.com/xml-data/corpfiling/AttachLive//d4da4411-c35f-4077-8103-37231d359793.pdf