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AZB, SAM triple tap with K&E: Jio raises another cool $1.5bn from Vista Equity

It will surprise no one anymore that as Reliance’s 200-pound telecoms behemoth Jio has taken the third round of mega funding in as many weeks, two Indian law firms have been there every billable hour of the way: no doubt much welcome in these tough times.

Private equity firm Vista Equity Partners said on Friday it will invest $1.5 billion in Reliance Jio Platforms, joining social conglomerate Facebook and Silver Lake that have also made bets on the Indian telecom giant in recent weeks.


The respective teams are pretty much identical as the last two times:

AZB & Partners acted for Reliance Industries and its subsidiary Jio, with the charge led by partner Ashwath Rau, with partner Nilanjana Singh and associates Sidhant Chandalia, Amitabh Robin Singh, Kanika Mishra and Vyjayanthi Raghu. Competition law advice was provided by partner Bharat Budholia and senior associate Gaurav Bansal.

Shardul Amarchand Mangaldas acted for Vista Equity Partners led by partner Raghubir Menon, with partners Natashaa Shroff and Sakshi Mehra.

However, on the US laws side for the investor, this time, yet another US law firm made hay: Kirkland & Ellis was non-Indian law adviser to Vista Equity Partners.

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