New Delhi, October 03, 2020: The Cyril Amarchand Mangaldas (CAM), Nishith Desai Associates (NDA), Davis Polk, and Skadden acts on Mubadala Rs. 6,247.5 crore investment in Reliance Retail.

According to reports, Mubadala, a Abu Dhabi-based sovereign wealth fund has picked up 1.4 % stake in Reliance Retail Ventures, a subsidiary of Reliance Industries Limited, for Rs. 6,247.5 crore.

The investment values Reliance Retail at a pre-money equity value of Rs. 4.285 lakh crore.

This marks the second significant investment by Mubadala in a Reliance Industries subsidiary after the US $1.2 billion investment in Jio Platforms announced earlier this year.

That Cyril Amarchand Mangaldas and Davis Polk & Wardwell acted for Reliance Retail. The CAM team was led by Partners L Viswanathan, Nivedita Rao, Shishir Vayttaden and K Aishwarya.

Nishith Desai Associates advised Mubadala and the team was led by Delhi Office Head and Partner Pratibha Jain, Leader Parag Srivastava along with team member Atikant Kaur.

Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates with a team of Senior Partner Jonathan Stone and Partner Rajeev Duggal, Counsel Parveet Gandoak and Associate In Ho Kim acted as foreign counsel to Mubadala.

Earlier, Silver Lake has invested Rs. 7,500 crore and KKR has invested Rs. 5,550 crore into Reliance Retail.

ABOUT THE FIRM:

Nishith Desai Associates full-service law firm in India, with offices in New Delhi and Pune. It offers end-to-end services in the fields of corporate law and intellectual property and has been consistently recognised as one of India's leading law firms.

News Courtesy:PIB | Hindu| DC | LE | LI | LO | IE | LL | PTI |ht | ET | UNI | DNA | FP | Jurist |IndToday|

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