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Deal News

Dua Associates Represents Hughes Communications (HCIPL) In JV Formation With BhartiAirtel Limited

13 Jan 2022 7:10 AM GMT
AGR Dues

Dua Associates gets a flying start in the new year with the completion of the JV transaction between Hughes Communications India Private Ltd (HCIPL) and Bharti Airtel Limited.

The deal team comprising of Partners Sita Khosla, Vikram Dhokalia and Nirvaan Gupta from Dua Associates advised Hughes Communications India Private Ltd (HCIPL) and its associate companies in relation to strategic acquisitions, internal restructuring, and formation of a joint venture with Bharti Airtel Limited for the provision of satellite broadband services and hybrid network solutions to business and government customers in India.

Partner, Gautam Shahi, Dua Associates ably assisted the team on competition law matters, while Partner Sanjeev Kaul and Senior Advisor Shashivansh Bahadur backed the team with insightful guidance on complex company law and trusts law issues.

Other transaction advisors included Price Waterhouse, who acted as Tax advisors to Hughes and AZB partners, who advised Bharti Airtel.

With the National Company Law Tribunal (NCLT) clearing the merger of the VSAT (very small aperture terminal) satellite operations of Bharti Airtel with Hughes Communications India Ltd (HCIL) and the latter's arm, HCIL Comtel, the JV finally received all statutory approvals and is ready to commence operations.

About Dua Associates : Dua Associates is a leading law firm in India with a thirty five year old track record of delivering critical legal solutions for its clients including Fortune 500 companies, financial institutions, governments and SMEs. The Firm is widely recognized for the depth of experienced legal talent and the significant experience of its 250+ professionals including 80 partners.

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