Skip to main content

AZB & Partners has represented Jio Platforms, the digital arm of India’s Reliance Industries, on the $750 million sale of a stake to California-based private equity firm Silver Lake, which was advised by Shardul Amarchand Mangaldas.

The announcement of Silver Lake’s investment comes days after social media giant Facebook acquired a 9.9 percent stake in Jio Platforms for $5.7 billion. In that deal as well, AZB advised the seller while SAM represented the buyer.

According to Reuters, the deal adds to a flurry of fund-raising activity announced by Reliance Industries in recent weeks with plans to eliminate $21.4 billion of net debt by the end of the year.

The AZB team was led by partners Ashwath Rau, Nilanjana Singh and Bharat Budholia.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Deals

N&A, S&C, TMI advise as Japan's Nidec makes $1.6 bln bid for Makino Milling

by Asian Legal Business《亚洲法律杂志》 |

TMI Associates, Freshfields and Davis Polk & Wardwell have represented Japanese manufacturing giant Nidec on its 257-billion-yen ($1.6 billion) bid for Makino Milling Machine, which turned to Nishimura & Asahi and Sullivan & Cromwell for advice.

Deals

N&A, MHM, Skadden, STB guide JX Advanced Metal’s $3 bln Japan IPO

by Nimitt Dixit |

Nishimura & Asahi and Skadden Arps Slate Meagher & Flom are advising JX Advanced Metals on its upcoming 460-billion-yen ($3 billion) initial public offering, the largest listing in Japan since SoftBank Corp’s $23.5 billion IPO in 2018.

Deals

Trilegal, Touchstone, CAM act on Carlyle’s $400 mln entry into India auto-components space

by Nimitt Dixit |

Trilegal has advised global private equity firm Carlyle on its acquisition of majority stakes in Highway Industries (HIL) and Roop Automotives for $400 million, marking its entry into India's auto components sector through a new manufacturing platform.