Rs. 9,093.60 has been invested to buy 1.85% stake by Abu Dhabi-based sovereign investor, Mubadala Investment Company in Jio Platforms.
Partners Ashwath Rau and Nilanjana Singh at AZB acted for Jio Platforms.
Jeffrey O’Brien led the team with Davis Polk & Wardwell as international legal counsel for the Platforms.
Mubadala was advised by Nishith Desai Associates and the team was led by Delhi Office Head and Partner, Pratibha Jain, Senior Leader and Bangalore Office Co-Head Parag Srivastava and Senior Associate Atikant Kaur.
Tax aspects were advised by Partner Rajesh Simhan and Leader Ashish Sodhani and were supported by due diligence team of Sindhu Sambrani, Jaideep Reddy, Inika Charles and JyotiGautam.
Foreign counsel to Mubadala was acted by a team of Senior Partner Jonathan Stone, Counsel ParveetGandoak and Inho Kim; Skadden, Arps, Slate, Meagher &Flom LLP and Affiliates.
The second investment was done by Silver Lake and co-investors, another private equity giant for Rs 4,546.8 crore in the Platforms.
ShardulAmarchandMangaldas& Co acted for Silver Lake and AZB & Partners for Jio Platforms.
Facebook, Silver Lake, Vista Equity Partners, General Atlantic and KKR had earlier also invested in Jio Platforms. AZB & Partners acted for the Platforms and ShardulAmarchandMangaldas for all the investors in all deals.
?.43,574 crore (USD 5.7 billion) into Jio Platforms for a 9.99% stake had been invested by Facebook.
In the first round, ? 5,656 crores ($746.74 million) in Jio Platforms had been invested by a private equity firm, Silver Lake.?11,367 crore had been invested for a 2.32% stake in the Platforms by another private equity firm Vista Equity Partners. ?6,598.38 crore would be invested by General Atlantic, US investment firm, in Reliance owned the Platforms for 1.34% stake.
The fifth investor is KKR, the global investment firm based in New York who invested ?. 11,367 crores in the Platforms, the digital subsidiary of Reliance Industries Ltd for a 2.32% stake.
