It’s been raining cheques for Jio Platforms and the latest one, which came on Sunday, is from Qualcomm Ventures, the investment arm of Qualcomm Incorporated. Qualcomm Ventures has committed to invest up to ₹ 730 crore, which will translate into 0.15% equity stake in Reliance Industries’ digital unit on a fully diluted basis.

— Mint

Trilegal advised Qualcomm Ventures led by a corporate team of partners Sridhar Gorthi and Kunal Chandra, assisted by counsel Kabeer Mathur, Rajesh Modani, principal Consultant, Aditi Jain and Shraddha Jha, senior associates and associate Chandni Ochani., Technology law aspects of the deal were led by partner Rahul Matthan, assisted by Counsel Jyotsna Jayaram, Divyanshu D, Stuti Shah and Shreya Ramann, associates., , The competition law aspects of the deal were led by partner Nisha Kaur Uberoi & National Head Competition Law, assisted by Counsel Shravani Shekhar, senior associate Harshita Singh Parmar, Sarthak Pande and Vayshnavi Ganesh, associates.

This instruction by Trilegal follows it also having bagged the $254m Jio round of Qualcomm rival chipmaker Intel’s venture fund, Intel Capital.

AZB & Partners acted for Jio led by partners Ashwath Rau, Nilanjana Singh and Bharat Budholia.

Davis Polk & Wardwell acted as international legal counsel for Jio Platforms.

2020-07-12

Deal value: USD 100 Million

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