Deal Corner
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

Disclaimer

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We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

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Deal Corner

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

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.