9 June, 2020
Skadden advised Abu Dhabi state fund Mubadala Investment Co. on its US$ 1.2 billion investment in Jio Platforms Ltd, a wholly-owned subsidiary of Reliance Industries Ltd., India's largest private sector company. Jio Platforms is a next-generation technology platform focused on providing high-quality and affordable digital services across India, with more than 388 million subscribers. The investment gives Mubadala a 1.85% stake in Jio Platforms on a fully diluted basis, with an equity value of US$ 65 billion. Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for its shareholder, the Government of Abu Dhabi.
The Skadden corporate team was led by partners Jonathan Stone (Hong Kong) and Rajeev Duggal (Singapore), with Counsel Parveet Gandoak (Singapore) and associate In Ho Kim (Singapore); partners Michael Leiter (National Security, Washington, D.C.), Andrew Foster (Antitrust, Hong Kong), Pamela Endreny (Tax, New York) and Counsel Trevor Allen (Tax, New York).
