Reliance Group’s Joint Venture With BP Plc Group


Khaitan & Co advised Reliance Industries Limited in relation to a proposed joint venture between the Reliance group (51%) and BP Plc group (49%).

The parties intend to expand these businesses from the existing 1,400 retail outlets and 30 aviation fuel stations and operate them under joint branding.

Reliance Industries Ltd. manufactures petrochemicals, synthetic fibers, fiber intermediates, textiles, blended yarn and polyester staple fiber. The Company also owns a petroleum refinery cum petrochemicals complex in Jamnagar, India that produces a wide range of products such as gasoline, superior kerosene oil and liquefied petroleum gas.

The Khaitan & Co team was composed by Corporate partners Rahul Dutt (Picture), Aakash Choubey, and Akshay Bhargav, principal associates Shantanu Gupta and Aishwarya Nagpal, associates Gokul Thampi, Minal Sangatwani, and Pallavi Panigrahi. Real Estate: partners Avnish Sharma, Rashmi Deshpande and Devendra Deshmukh, principal associate Kshitij Bishnoi, senior associate Sneha Joshi, associates Karan Hitesh Dattani, Bhargav N Rao and Siddharth Godha; Corporate Restructuring: partner Mehul Shah, principal associate Sanket Shah, senior associate Aman Yagnik and Amit Pai and associate Rushabh Gala; Competition law: partners Rahul Singh and Anisha Chand, along with senior associate Soham Banerjee and associates Anmol Awasthi and Arvind Pillai; Intellectual Property law: partner Shailendra Bhandare and senior associate Sourav Dan; Employment law: partner Anshul Prakash, principal associate Deepak Kumar and senior associate Abhimanyu Pal.

Involved fees earner: Anmol Awasthi – Khaitan & Co.; Soham Banerjee – Khaitan & Co.; Shailendra Bhandare – Khaitan & Co.; Akshay Bhargav – Khaitan & Co.; Kshitij Bishnoi – Khaitan & Co.; Anisha Chand – Khaitan & Co.; Aakash Choubey – Khaitan & Co.; Sourav Dan – Khaitan & Co.; Karan Dattani – Khaitan & Co.; Devendra Deshmukh – Khaitan & Co.; Rahul Dutt – Khaitan & Co.; Rushabh Gala – Khaitan & Co.; Siddharth Godha – Khaitan & Co.; Shantanu Gupta – Khaitan & Co.; Sneha Joshi – Khaitan & Co.; Deepak Kumar – Khaitan & Co.; Aishwarya Nagpal – Khaitan & Co.; Amit Pai – Khaitan & Co.; Abhimanyu Pal – Khaitan & Co.; Pallavi Panigrahi – Khaitan & Co.; Arvind Pillai – Khaitan & Co.; Anshul Prakash – Khaitan & Co.; Bhargav Rao – Khaitan & Co.; Minal Sangatwani – Khaitan & Co.; Mehul Shah – Khaitan & Co.; Sanket Shah – Khaitan & Co.; Avnish Sharma – Khaitan & Co.; Rahul Singh – Khaitan & Co.; Gokul Thampi – Khaitan & Co.; Aman Yagnik – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Reliance Industries Limited;

Author: Michael Patrini