Deal Corner
June 05, 2020
Mubadala Invests $1.2 Billion in Jio Platforms

DEAL BRIEF

Mubadala Investment Company (“Mubadala”), the Abu Dhabi sovereign wealth fund has signed definitive documents to invest $1.2 Billion in Jio Platforms Limited (“Jio”), a subsidiary of Reliance Industries which houses all the telecom leader’s digital applications and allied services of the Reliance Group. As the first sovereign wealth fund to invest in Jio, Mubadala joins a list of 5 other marquee investors who have also signed definitive agreements to invest in Jio, including Facebook, General Atlantic, Silver Lake, Vista Equity and KKR.

OUR ROLE

We, at Nishith Desai Associates, acted as the India legal counsel to Mubadala. We advised them on the legal, tax and regulatory aspects of the transaction.

 

NEWS AND MEDIA REPORTS RELATED TO THE DEAL:

https://www.moneycontrol.com/news/business/companies/abu-dhabi-fund-mubadala-to-invest-rs-9093-crore-in-jio-6th-mega-deal-in-6-weeks-for-ril-unit-5362131.html

https://www.livemint.com/news/india/ril-s-jio-platforms-gets-one-more-investor-mubadala-to-buy-1-85-for-rs9-094-cr-11591306843670.html

https://www.newindianexpress.com/business/2020/jun/05/abu-dhabi-based-mubadala-to-invest-usd-12-billion-in-jio-for-185-per-cent-stake-2152571.html

https://timesofindia.indiatimes.com/business/india-business/mubadala-to-buy-1-85-stake-in-jio-platforms-for-rs-9093-6-crore/articleshow/76206304.cms

Disclaimer

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We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

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Deal Corner

June 05, 2020

Mubadala Invests $1.2 Billion in Jio Platforms

DEAL BRIEF

Mubadala Investment Company (“Mubadala”), the Abu Dhabi sovereign wealth fund has signed definitive documents to invest $1.2 Billion in Jio Platforms Limited (“Jio”), a subsidiary of Reliance Industries which houses all the telecom leader’s digital applications and allied services of the Reliance Group. As the first sovereign wealth fund to invest in Jio, Mubadala joins a list of 5 other marquee investors who have also signed definitive agreements to invest in Jio, including Facebook, General Atlantic, Silver Lake, Vista Equity and KKR.

OUR ROLE

We, at Nishith Desai Associates, acted as the India legal counsel to Mubadala. We advised them on the legal, tax and regulatory aspects of the transaction.

 

NEWS AND MEDIA REPORTS RELATED TO THE DEAL:

https://www.moneycontrol.com/news/business/companies/abu-dhabi-fund-mubadala-to-invest-rs-9093-crore-in-jio-6th-mega-deal-in-6-weeks-for-ril-unit-5362131.html

https://www.livemint.com/news/india/ril-s-jio-platforms-gets-one-more-investor-mubadala-to-buy-1-85-for-rs9-094-cr-11591306843670.html

https://www.newindianexpress.com/business/2020/jun/05/abu-dhabi-based-mubadala-to-invest-usd-12-billion-in-jio-for-185-per-cent-stake-2152571.html

https://timesofindia.indiatimes.com/business/india-business/mubadala-to-buy-1-85-stake-in-jio-platforms-for-rs-9093-6-crore/articleshow/76206304.cms

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.