Introduction

KKR, the global investment firm based in New York, is the latest and fifth investor to invest Rs. 11,367 crores in Jio Platforms, the digital subsidiary of Reliance Industries Ltd for a 2.32% stake.

Last week, General Atlantic, US investment firm, invested ₹6,598.38 crore in Jio Platforms for 1.34% stake.

AZB & Partners acted for Jio Platforms and the team was led by Partners Ashwath Rau and Nilanjana Singh along with Sidhant Chandalia, Amitabh Robin Singh, Kanika Mishra, and Vyjayanthi Raghu.

Partner Bharat Budholia, along with Gaurav Bansal, Shivam Jha, and Ravi Gangal, advised on the competition law aspect.

Davis Polk & Wardwell acted as international legal counsel for Jio Platforms with a team led by Partner Jeffrey O’Brien.

Shardul Amarchand Mangaldas acted for KKR with a team led by Partners Raghubir Menon, Sakshi Mehra, and Natashaa Shroff, along with Principal Associate Deep Rekha and Senior Associate Srishti Maheshwari.

Simpson Thacher & Bartlett LLP acted as legal counsel to KKR, and the team was led by Partner Ian Ho.

"We are delighted to assist our regular clients, General Atlantic and KKR, over the line on their investments into Jio Platforms Limited. This level of deal activity and foreign investment into India in the current scenario showcases the strength of India Inc. and is a re-affirmation of the inherent strength of the economy and India’s growth story."

Raghubir Menon, Partner, SAM & Co