Shardul Amarchand Mandalas (SAM) Cyril Amarchand Mangaldas (CAM), Latham & Watkins, Khaitan & Co and White & Case are advising on the proposed initial public offering of Jio Platforms Limited (JPL), a subsidiary of Reliance Industries Limited.

Jio Platforms has filed its draft red herring prospectus with the Securities and Exchange Board of India in connection with a proposed IPO comprising a fresh issue of up to 270,000,000 equity shares of face value of ₹10 each.

The offering is expected to be the largest IPO in the history of the Indian capital markets.

The syndicate of BRLMs comprises a total of 19 banks namely, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, BNP Paribas, BofA Securities India Limited, Citigroup Global Markets India Private Limited, CLSA India Private Limited, DAM Capital Advisors Limited, Goldman Sachs (India) Securities Private Limited, HDFC Bank Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, IIFL Capital Services Limited (Formerly known as IIFL Securities Limited), JM Financial Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited, SBI Capital Markets Limited, UBS Securities India Private Limited and 360 ONE WAM Limited.

Shardul Amarchand Mangaldas (SAM) acted as lead legal counsel to Jio Platforms Limited.

The transaction is being led by Partner Nikhil Naredi, along with Principal Associates Chinmay Sethia, Tarun Srikanth, Senior Associates Shruthi Hariharan, Sridutt Mishra, along with Associates Ankita Singh, Najeeb Din, Aryan Singh, Soundarya M., Dhanashree Singe, Avani Sharda, Gayathri Krishnan, and Anshika Tyagi.

Partner and National Practice Head (Capital Markets) Prashant Gupta provided strategic inputs to the transaction.

Cyril Amarchand Mangaldas (CAM) also acted as Indian legal counsel to Jio Platforms Limited.

The CAM team was led by Partner and Regional Co-Head (Capital Markets, West) Devaki Mankad along with Principal Associates Rushab Dhandokia, Jhalak Shah, Tanushri More and Akash Joshi; Senior Associates Raksha Raina, Urmil Shah, Sakshi Sharma and Anuj Gupta; and Associates Hitesh Nagpal, Archit Jain, Aniruddh Saraswat, Arikta Shetty, Anomitra Debnath, Divyanshu Singh, Akshat Sharma, Alok Antony, Mann Agrawal and Mitali Mangalam.

Senior Partners L. Viswanathan and Yash J. Ashar, and Partner and Head (Capital Markets) Manan Lahoty provided guidance on the transaction.

Latham & Watkins acted as international legal counsel to Jio Platforms Limited.

Khaitan & Co advised the book running lead managers on the DRHP filing.

The core team consisted of Sudhir Bassi, Aditya George Cheriyan, Priya Awasthi, Tishita Mukherjee, Anshul Mordia, Hrithik Khurana, Ira Pandya, Aayush Virani, Nibha Yadav, Ria Chaudhary, Vanshika Singh, Aayushi Poddar, Aryan Agarwal, Avantika Tanwar, Hrishi Kapadia and Mehar Sharma.

White & Case LLP is advising the book running lead managers (BRLMs) on the proposed Rule 144A and Regulation S initial public offering (IPO) of Jio Platforms Limited.

The White & Case team advising on the transaction is led by Partners Rahul Guptan (London) and Kaya Proudian (Singapore), with support from Partner Steven Gee (New York), Local Partner James Hsiao (Hong Kong), Counsel Royston Tan (Hong Kong) and Associates Tarang Nagar (London), Ji Yang Lim (Singapore), Daniel Park (New York), Hassan Said (Cairo) and Yuning Zhou (Hong Kong).