Reliance Industries Limited’s Joint Venture with BP Mobility

Touchstone Partners advised BP Mobility, while Khaitan & Co advised Reliance Industries Limited on the deal.

Reliance BP Mobility Limited (RBML), the fuels and mobility joint venture of Reliance Industries Limited (RIL) and bp plc has started operations, aiming to expand the fuel retailing network to up to 5,500 sites in five years from over 1,400, under the Jio-bp brand.

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 led by corporate partners Rahul Dutt (Picture), Aakash Choubey, Akshay Bhargav and Shantanu Guptaand principal associate Aishwarya Nagpal, associates Gokul Thampi, Minal Sangatwani and Pallavi Panigrahi.

The Touchstone Partners team was led by managing partner Karam Daulet Singh and partners Gaurav Desai and Anuj Bhatia, along with Yashita Sharma, Palak Chadha, Mohit Bhatia, Surbhi Soni, Punya Varma, Shruti Bhat and Apurva Badoni.

Involved fees earner: Akshay Bhargav – Khaitan & Co.; Aakash Choubey – Khaitan & Co.; Rahul Dutt – Khaitan & Co.; Shantanu Gupta – Khaitan & Co.; Aishwarya Nagpal – Khaitan & Co.; Pallavi Panigrahi – Khaitan & Co.; Minal Sangatwani – Khaitan & Co.; Gokul Thampi – Khaitan & Co.; Apurva Badoni – Touchstone Partners ; Shruti Bhat – Touchstone Partners ; Anuj Bhatia – Touchstone Partners ; Mohit Bhatia – Touchstone Partners ; Palak Chadha – Touchstone Partners ; Karam Daulet Singh – Touchstone Partners ; Gaurav Desai – Touchstone Partners ; Yashita Sharma – Touchstone Partners ; Surbhi Soni – Touchstone Partners ; Punya Varma – Touchstone Partners ;

Law Firms: Khaitan & Co.; Touchstone Partners ;

Clients: BP Plc; Reliance Industries Limited;

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Author: Michael Patrini