L Catterton invests Rs. 1895 crores in Jio Platforms; AZB & Partners acted as legal counsel for Reliance Jio
Reliance Industries Limited ("Reliance Industries") and Jio Platforms Limited ("Jio Platforms"), announced an investment of Rs. 1894.50 crore by L Catterton on June 13, 2020.L Catterton is one of the world's largest consumer focused private equity firms. According to Michael Chu, Global Co-CEO of L Catterton, "We look forward to partnering with Jio, which is uniquely positioned to execute on...
Reliance Industries Limited ("Reliance Industries") and Jio Platforms Limited ("Jio Platforms"), announced an investment of Rs. 1894.50 crore by L Catterton on June 13, 2020.
L Catterton is one of the world's largest consumer focused private equity firms. According to Michael Chu, Global Co-CEO of L Catterton, "We look forward to partnering with Jio, which is uniquely positioned to execute on its vision and mission to transform the country and build a digital society for 1.3 billion Indians through its unmatched digital and technological capabilities."
According to a BSE Press Release, "This investment values Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. L Catterton's investment will translate into a 0.39% equity stake in Jio Platforms on a fully diluted basis."
The AZB & Partners team comprised of Partners Ashwath Rau, Nilanjana Singh and Bharat Budholia.