Reliance Industries Limited, Jio Platforms and Google have executed binding agreements for an investment of USD 4.5 billion /₹ 33,737 crore by Google into Jio Platforms. Google’s investment will translate into a 7.73% equity stake in Jio Platforms on a fully diluted basis.
The transaction is subject to regulatory and other applicable customary approvals.
JSA advised Google on the transaction along with Freshfields Bruckhaus Deringer US LLP.
Morgan Stanley acted as financial advisor and AZB & Partners and Davis Polk & Wardwell acted as legal counsels to Reliance Industries and Jio Platforms on the transaction.
The JSA team was spear headed by Partner – Probir Roy Chowdhury accompanied by Senior Associate – Yajas Setlur and Associate – Kavya Katherine Thayil
Probir specializes in Corporate Commercial, Venture/Private Equity and Information Technology/FinTech. He has been involved in corporate transactions focused on the high technology industry including cross border Mergers & Acquisitions.
Yajas is a member of JSA’s technology, media, and telecommunications (TMT) practice. In this capacity, he advises clients extensively on various aspects of Indian information technology, data privacy and e-commerce laws.