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Touchstone, Khaitan acts on $1bn Reliance JV with BP Mobility

Reliance BP Mobility Limited (RBML), the fuels and mobility joint venture of Reliance Industries Limited (RIL) and bp plc has started operations, aiming to expand the fuel retailing network to up to 5,500 sites in five years from over 1,400, under the Jio-bp brand.

Hindu Business Line

Reliance Industries and BP India today announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML).


Touchstone Partners advised BP Mobility on the joint venture, led by a team of managing partner Karam Daulet Singh and partners Gaurav Desai and Anuj Bhatia, along with Yashita Sharma, Palak Chadha, Mohit Bhatia, Surbhi Soni, Punya Varma, Shruti Bhat and Apurva Badoni.

Update 11 December 2020: Khaitan & Co advised Reliance Industries Limited led by a team including corporate partners Rahul Dutt, Aakash Choubey, Akshay Bhargav and Shantanu Gupta and principal associate Aishwarya Nagpal, associates Gokul Thampi, Minal Sangatwani and Pallavi Panigrahi.


Deal value: $1bn

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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