Cyril Amarchand Mangaldas advised Viacom 18, a subsidiary of TV18 Broadcast Limited, and Reliance Projects & Property Management Services Limited, a wholly owned subsidiary of Reliance Industries Limited, in relation to the investment of INR 13,500 crores, by Bodhi Tree Systems and INR 1,645 Crore by Reliance Projects, in Viacom 18. The transaction also contemplates the transfer of the “Jio Cinema” OTT app to Viacom 18.
The General Corporate Practice of Cyril Amarchand Mangaldas advised Viacom 18 and Reliance Projects on the transaction. The transaction team was led by led by L .Viswanathan, Partner; Nivedita Rao, Partner (Deputy Head – Corporate); Aditi Singhvi, Partner; Anand Jayachandran, Partner; with support from Alexander Kynjing, Consultant; Supriya Aakulu, Senior Associate; Akshat Parmar, Senior Associate; Amanee Kadakia, Associate; and Dhwani Shah, Associate.
The Intellectual Property and regulatory advisory team was led by Arun Prabhu, Partner (Head – TMT); Anirban Mohapatra, Partner; along with Molshree Shrivastava,Senior Consultant; and Arpita Sengupta,Senior Associate.
The Competition Law advisory team was led by Avaantika Kakkar, Partner (Head – Competition); Kirthi Srinivas,Partner; along with Rajat Sharma,Associate; Swaha Sinha, Associate; and Shivani Sathe, Associate.
The transaction was signed on 27th April, 2022.
