AZB & Partners acted for Reliance Industries (“RIL”) and its digital arm, Jio Platforms (“JPL”) on a series of investments totaling US$ 20.2 billion, from an array of leading global investors, including Facebook, Silver Lake Partners, Vista Equity Partners, General Atlantic, KKR, Mubadala Investment Company, Abu Dhabi Investment Authority (ADIA), TPG Capital, L Catterton, Saudi Arabia-based Public Investment Fund, Intel, Qualcomm and Google.
With these major investments, which took place over a period of 4 months, beginning in April, 2020, RIL has divested 33% in JPL – all amid a COVID -19 induced lockdown with not a single in–person meeting!
AZB & Partners’ team advising on the transactions comprised our Corporate M&A Senior Partners, Ashwath Rau and Nilanjana Singh, and Antitrust/Competition Partner, Bharat Budholia.
About AZB & Partners
AZB & Partners was founded in 2004 with a clear purpose to provide reliable, practical and full–service advice to clients, across all sectors. Having grown steadily since its inception, AZB & Partners now has offices across Mumbai, Delhi, Bangalore, and Pune. We have an accomplished and driven team of 450+ lawyers committed to delivering best–in–class legal solutions to help clients achieve their objectives.
For further information and details, please visit our website: www.azbpartners.com