S&R Associates represented Data Infrastructure Trust, an infrastructure investment trust (InvIT) sponsored by an affiliate of Brookfield Asset Management, in its 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 181.49 billion (~USD 2.2 billion).
The S&R team is led by partners Rajat Sethi, Sudip Mahapatra and Raya Hazarika and included associates Henal Shah, Komal Parakh, Shreya Jaipuria, Nikhitha Tadigoppula and Rohin Goyal on corporate matters; partner Aparna Ravi and associates Srikari Kancherla, Harshdeep Singh Bedi and V. Sreedharan on acquisition financing matters; partner Pratichi Mishra and associates Shiv Kumar Sharma and Advaita Kapoor on InvIT-related matters; Simran Dhir, head of competition practice, partner Akshat Kulshrestha and associates Anuja Agrawal and Sehaj Mahajan on competition matters; and partner Sumit Bansal and associates Shivani Chhabra and Taranjeet Singh on tax matters.