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...

Reliance Industries Ltd (RIL) during its 43rd annual general meeting (AGM) has announced the reeling in of Google as an investor. The company has announced Google will invest Rs 33,737 crore for a 7.7 per cent stake in Jio platforms after all regulations are met. With this, Google will be joining pa...

“Reliance Industries Limited and Jio Platforms Limited announced today that Intel Capital will invest ₹ 1,894.50 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. Intel Capital’s investment will translate into a 0.39% equity stake in Jio Pla...

Abu Dhabi-based sovereign investor Mubadala Investment Company will buy 1.85% stake in Mukesh Ambani’s Jio Platforms for ₹9,093.60 crore, the Reliance Industries Ltd subsidiary said in a release… The latest transaction gives Jio Platforms an equity valuation of Rs4.91 trillion and an enterprise valu...

The line of investors patiently queuing outside Reliance Industries’ frontdoors has only been getting longer, though the lines of law firms has remained a by-now routine short list of AZB, SAM plus a new international firm. Shardul Amarchand Mangaldas’ national head of corporate, Raghubir Menon, com...

For the fourth consecutive record-busting investment in everyone’s darling, all of which have had AZB and SAM on it (see Facebook , Silver Lake , Vista ), no prizes for guessing who got this round in law firm land. However, international law firms seem to all be getting a good stab at representation...

SAM bagged the mandate for Facebook and AZB for Reliance on India’s largest ever foreign-direct investment in a tech company, which values Reliance’s Jio Platform subsidiary at Rs 4.62 lakh crore (or nearly $66bn), with Mark Zuckerberg’s US technology giant buying itself a 9.9% stake in Jio Platforms Limited.

Piramal Enterprises Limited will sell Decision Resources Group (DRG) - its healthcare insights & analytics business to the US based Clarivate Analytics plc, for $950 million. PEL DRG Dutch HoldCo BV, a 100% subsidiary of PEL & the holding company for DRG, has signed a definitive agreement ...

At least seven law firms advised on the giant deal. “With the shared mobility concept gaining traction in India and other markets, South Korean automobile manufacturer Hyundai Motor Group on Tuesday announced an investment of $300 million in India’s biggest cab aggregator Ola Cabs, as part of a stra...

Mukesh Ambani-promoted 4G telecoms network Reliance Jio has agreed to buy the mobile business assets (including the spectrum, mobile towers and optical fibre network) of his younger brother Anil Ambani-promoted Reliance Communications, reported the PTI in The Hindu Business Line and others. Cyril Am...

Kirtee Kapoor, the head of Davis Polk’s India group and one of the first of a new generation of Indian-trained lawyers to make partner at top international firms, has passed away after having been hit by a train earlier yesterday morning in California.

Freshfields Bruckhaus Deringer has topped the mergermarket value league table of international law firms that advised on M&A deals in the record 2016 calendar year.

Freshfields Bruckhaus Deringer has topped the mergermarket value league table of international law firms that advised on M&A deals in the record 2016 calendar year.

Cyril Amarchand Mangaldas (CAM) advised ICICI Prudential Life Insurance and ICICI Bank on Rs 60,568 million initial public offer. S&R Associates and Davis Polk & Wardwell advised the lead managers to the issue: DSP Merrill Lynch, ICICI Securities, CLSA India, Deutsche Equities India, Edelweiss Financial Services, HSBC Securities and Capital Markets (India), IIFL, JM Financial Institutional Securities, SBI Capital Markets and UBS Securities India.

Davis Polk & Wardwell registered foreign lawyer Amit Kataria has joined Morrison Foerster (MoFo) as an of counsel in Hong Kong. He specialises in cross border M&As and disputes and enforcement in India, according to MoFo’s press release, which added that he will help the firm grow its Indi...

Amarchand Mangaldas’ Mumbai-region and Davis Polk & Wardwell advised Daiichi Sankyo on the $3.2bn sale of its 8.93 per cent stake in Sun Pharmaceutical. Luthra & Luthra and Freshfields Bruckhaus Deringer advised Goldman Sachs which was the sole book runner for the deal. This deal, which wa...

AZB & Partners, Norton Rose Fulbright and Milbank, Tweed, Hadley & McCloy advised the joint lead managers the notes trustee on Delhi International Airport’s (DIAL) $288.75m issue of notes, on which DIAL was advised by Link Legal India Law Services and Davis Polk & Wardwell. AZB partne...

DSK Legal advised Kerala-based NeST Technologies Corporation, SFO Technologies, Network Systems & Technologies and their promoters in divesting Nest group’s engineering software business for Rs 500 crore ($81m) to Bangalore-based engineering services provider QuEST Global Engineering Services, ...

Amarchand Mangaldas maintained its top spot in intelligence provider mergermarket’s M&A league rankings this quarter.

ICICI Bank issued $500m of 3.50% 2020-due notes under 144A/Reg-S in its $7.5bn Global Medium Term Note (MTN) programme, through its Dubai branch, as reported by PTI . ICICI instructed Amarchand Mangaldas partner Niloufer Lam with senior associate Madhav Kanoria and associate Aayushi Anand on Indian ...