Relaince Jio, Facebook
Relaince Jio, Facebook

SAM, AZB, Hogan, Davis Polk lead on Facebook 43,574 crores investment in Jio Platforms

US social media major Facebook is investing Rs. 43,574 crore (USD 5.7 billion) into Jio Platforms, a unit of Reliance Industries for a 9.99% stake.

The investment will value Jio Platforms - a digital apps platform - at Rs 4.62 lakh crore.

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Shardul Amarchand Mangaldas and Hogan Lovells advised Facebook on this deal.

SAM team was led by Partners Raghubir Menon, Sakshi Mehra and Natashaa Shroff along with Principal Associate Deep Rekha and Senior Associate Srishti Maheshwari.

Partners Naval Chopra and Yaman Verma advised on competition law aspect.

Due Diligence Team: Mr. Dipayan Bhattacherjee, Senior Associate, Ms. Leoni Mahanta, Senior Associate, Ms. Niti Chatterjee, Senior Associate, Ms. Tanya Choudhary, Associate, Ms. Garima Tyagi, Associate, Ms. Aishwarya Narayanan, Associate, Mr Pranav Awasthi, Associate, Ms. Surabhi Bhandari, Associate, Ms. Raktima Roy, Associate, Ms. Protiti Roy, Associate, Ms. Preeti Kapany, Associate, Mr. Rohan Singh, Associate, Mr. Sidharth Chauhan, Associate, Ms. Rooha Khurshid, Associate, Ms. Sneha Bhawnani, Associate, Ms. Shrungar Bhuva, Associate, Ms. Shalaka Mehta, Associate, Ms. Mitisha Gaur, Associate.

Anti Bribery Laws & internal controls : Mr. Anuj Berry, Partner, Mr. Sourabh Rath, Senior Associate.

Litigation: Mr. Tejas Karia, Partner, Mr. Pavit Singh Katoch, Partner, Mr. Shashank Mishra, Senior Associate, Ms. Karishma Sundara, Associate, Ms. Akshi Rastogi, Associate.

IT and Data Privacy Laws: Ms. Shahana Chatterji, Partner, Ms. Raktima Roy, Associate, Ms. Protiti Roy, Associate

Securities: Partner Yogesh Chande

Taxation: Partners Abhay Sharma, Rajat Bose and Gouri Puri, Principal Associate Ankita Sinha and Associates Priyanka Jain and Nimish Malpani.

Fintech: Partners Shilpa Mankar Ahluwalia and Shubhangi Garg

Hogan Lovells team included Partners Jane Ross and Nate Gallon and Senior Associate Brittany Raway.

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