Trilegal acts for 2nd chipmaker, Qualcomm, on $100m Jio round (with AZB, etc)

Posted on By Legal 60

It’s been raining cheques for Jio Platforms and the latest one, which came on Sunday, is from Qualcomm Ventures, the investment arm of Qualcomm Incorporated. Qualcomm Ventures has committed to invest up to ₹ 730 crore, which will translate into 0.15% equity stake in Reliance Industries’ digital unit on a fully diluted basis.

— Mint

Trilegal advised Qualcomm Ventures led by a corporate team of partnersSridhar Gorthi and Kunal Chandra, assisted by counselKabeer Mathur, Rajesh Modani, principal Consultant, Aditi Jain and Shraddha Jha, senior associates and associateChandni Ochani., Technology law aspects of the deal were led by partnerRahul Matthan, assisted by CounselJyotsna Jayaram, Divyanshu D, Stuti Shah and Shreya Ramann, associates., , The competition law aspects of the deal were led by partnerNisha Kaur Uberoi & National Head Competition Law, assisted by CounselShravani Shekhar, senior associateHarshita Singh Parmar, Sarthak Pande and Vayshnavi Ganesh, associates.

This instruction by Trilegal follows it also having bagged the $254m Jio round of Qualcomm rival chipmaker Intel’s venture fund, Intel Capital.

AZB & Partners acted for Jio led by partnersAshwath Rau, Nilanjana Singh and Bharat Budholia.

Davis Polk & Wardwell acted as international legal counsel for Jio Platforms.

2020-07-12

Deal value: USD 100 Million

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