S&R Associates is representing Data Infrastructure Trust, an infrastructure investment trust (“InvIT”) sponsored by an affiliate of Brookfield Asset Management, in the acquisition of 100% of the share capital of ATC Telecom Infrastructure (American Tower Corporation’s Indian tower business entity), a leading telecommunications infrastructure service provider in India, for an enterprise value of INR 165 billion (approximately USD 2 billion). The transaction is subject to pre-closing conditions.
The S&R team is led by partners Rajat Sethi, Sudip Mahapatra and Raya Hazarika and includes associates Henal Shah, Komal Parakh, Ananya Kumar, Shreya Jaipuria, Gayathri Kamath, Nikhitha Tadigoppula and Rohin Goyal on corporate matters; partner Pratichi Mishra and associate Dhanush Dinesh on InvIT-related matters; partner Sumit Bansal and associates Shivani Chhabra and Taranjeet Singh on tax matters; and counsels Simran Dhir and Akshat Kulshrestha and associates Anuja Agrawal and Sehaj Mahajan on competition matters.
For reference, please see the stock exchange announcement below in relation to the transaction:
https://www.bseindia.com/xml-data/corpfiling/AttachLive/ab0c92ec-4901-4700-804e-3dad7ddfa0c8.pdf