Cyril Amarchand Mangaldas, AZB, Cleary Gottlieb act on QIA investment in Reliance Retail

QIA is set to invest ₹8,278 crores in RIL’s retail arm for 0.99% stake.
Reliance Retail
Reliance Retail

 Sovereign wealth fund Qatar Investment Authority (QIA) is set to invest ₹8,278 crores ($1 billion) into the retail arm of Reliance Industries, Reliance Retail Ventures Ltd (RRVL).

Cyril Amarchand Mangaldas is acting for Reliance in this deal.

The transaction team consists of L Viswanathan (Partner), Shishir Vayttaden (Partner) and K Aishwarya (Partner).

AZB & Partners is acting for Qatar Investment Authority on the Indian leg of the transaction.

The transaction team is led by Ashwath Rau (Senior Partner).

Cleary Gottlieb is acting for Qatar Investment Authority on the international law aspect of the transaction.

In 2020, Silver Lake had invested ₹ 7,500 crore in Reliance Retail Ventures Limited. Cyril Amarchand Mangaldas and Davis Polk Wardwell acted for RRVL while Shardul Amarchand Mangaldas and Latham & Watkins advised Silver Lake.

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