Nishith Desai Associates : Deal Corner

Posted by By at 7 October, at 17 : 15 PM Print

October 07, 2020

MUBADALA INVESTS OVER $850 MILLION IN RELIANCE RETAIL

DEAL BRIEF

Mubadala Investment Company (“Mubadala”), the Abu Dhabi sovereign wealth fund has signed definitive documents to invest over $ 850 Million in Reliance Retail Ventures Limited (“RRVL”), a subsidiary of Reliance Industries which operates India’s fastest growing and most profitable retail business serving close to 640 million footfalls across its ~12,000 stores nationwide. This mark’s the sovereign wealth fund’s second investment in the Reliance group just this year. Mubadala had earlier invested over $1.2 Billion in Jio Platforms Limited where we also had the privilege of representing Mubadala.

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.

PRESS COVERAGE

News and media reports related to the deal:

https://www.mubadala.com/en/news/mubadala-invest-in-reliance-retail-ventures

https://www.bloombergquint.com/business/mubadala-to-invest-rs-62475-crore-in-reliance-retail-ventures

https://www.cnbctv18.com/retail/mubadala-to-invest-rs-6247-crore-in-reliance-retail-for-14-stake-7078521.htm

https://www.reuters.com/article/us-reliance-mubadala-idUSKBN26M6F0

https://www.vccircle.com/abu-dhabi-s-mubadala-to-invest-853-mn-in-ril-s-retail-unit/

https://www.livemint.com/companies/news/another-cheque-abu-dhabi-s-mubadala-buys-1-4-stake-in-reliance-retail-for-rs-6-247-5-cr-11601560391067.html


Benchmark Litigation Asia-Pacific: Tier 1 for Government & Regulatory and Tax
2020, 2019, 2018

Legal500 Asia-Pacific: Tier 1 for Tax, Investment Funds, Labour & Employment and TMT
2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012

Chambers and Partners Asia-Pacific: Band 1 for Employment, Lifesciences, Tax and TMT
2020, 2019, 2018, 2017, 2016, 2015

IFLR1000: Tier 1 for Private Equity and Project Development: Telecommunications Networks.
2020, 2019, 2018, 2017, 2014

AsiaLaw Asia-Pacific Guide 2020: Ranked ‘Outstanding’ for TMT, Labour & Employment, Private Equity, Regulatory and Tax

FT Innovative Lawyers Asia Pacific 2019 Awards: NDA ranked 2nd in the Most Innovative Law Firm category (Asia-Pacific Headquartered)

RSG-Financial Times: India’s Most Innovative Law Firm
2019, 2017, 2016, 2015, 2014

Who’s Who Legal 2019:
Nishith Desai, Corporate Tax and Private Funds – Thought Leader
Vikram Shroff, HR and Employment Law- Global Thought Leader
Vaibhav Parikh, Data Practices – Thought Leader (India)
Dr. Milind Antani, Pharma & Healthcare – only Indian Lawyer to be recognized for ‘Life sciences – Regulatory,’ for 5 years consecutively

Merger Market 2018:Fastest growing M&A Law Firm in India


DISCLAIMER

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Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, New Delhi, Munich and New York.

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