Khaitan & Co advised Hindustan Media Ventures Limited in relation to the scheme of arrangement in relation to proposed demerger of Business to Consumers segment (higher education courses to retail consumers) of India Education Services Private Limited into Hindustan Media Ventures Limited, under section 230 -232 of the Companies Act 2013; and reduction of share capital of India Education Services Private Limited under section 66 of the Companies Act 2013. The transaction team consists of Mehul Shah (partner), Aniket Agarwal (partner), Sanket Shah (associate), Ritwik Kulkarni (senior associate) and Aman Yagnik (associate) and was assisted by Sanjay Sanghvi (partner) and Jimmy Bhatt (senior associate) on tax aspects. Abhishek Sanyal (principal associate), Shreya Gulati (associate) and Hirak Mukhopadhyay (Associate) on implementation related aspects at NCLT, Delhi. Hindustan Media Ventures Ltd is one of the leading print media companies in India in terms of Readership. India Education Services Pvt. Ltd, doing business as BRIDGE School of Management, owns and operates business schools in Delhi, Noida, and Gurgaon.