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 value of Rs5.16 trillion, the same pricing at which private equity giant KKR bought a 2.32% stake in Jio, the last deal, declared on 22 May.
— Mint
Nishith Desai Associates advised Mubadala Investment Company led by Delhi office head and partner Pratibha Jain, Bangalore office co-head and senior leader Parag Srivastava and senior associate Atikant Kaur. On tax advised partner Rajesh Simhan and leader Ashish Sodhani. Due diligence assistance was provided by lawyers Sindhu Sambrani, Jaideep Reddy, Inika Charles and Jyoti Gautam.
The instruction is notable for being the rare recent Jio investment that did not see Shardul Amarchand Mangaldas acting for the investors.
AZB & Partners advised Reliance Industries Limited and Jio Platforms Limited, as on previous deals, led by a team of partners Ashwath Rau, Nilanjana Singh and Bharat Budholia, senior associate Gaurav Bansal.
Skadden Arps, Slate, Meagher & Flom LLP acted for Mubadala, with a team of senior partner Jonathan Stone, counsel Parveet Gandoak and lawyer Inho Kim.
Davis Polk advised Jio.
2020-06-04
Deal value: INR 90.93 Billion / approximately USD 1.2 Billion
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I'm not saying that labelling positions as leader, senior leader etc. isn't ridiculous, it's just that all the others are equally ridiculous except they have been validated by the wisdom of the masses.
Be more positive generally. Thanks!
A leader would mean someone who leads a group. Then what is a "senior leader"? A leader who leads leaders, or a leader who leads seniors? If a person is a leader, no one else should be leading him right? Or are they like senior citizens? Once a leader reaches 60 he will be known as senior leader? I could go on and on. It really is funny.
What's more funny is that this deal has a office head cum partner, co head cum senior leader, senior associate, partner and leader and then "lawyers". Were the previous designations not lawyers? I think a new joinee might need a months orientation only to understand the designations after which they will go on with BD
Ghanta honesty!
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