RIL’s Acquisition of a 50% Stake in IMG-R


Khaitan & Co. advised RIL in the transaction.

Reliance Industries will acquire 50% shares held by IMG Singapore Pte. in IMG-Reliance (IMG-R), for a cash consideration of INR 52.08 crore ($ 7.17 million).

Reliance Industries Limited is an Indian multinational conglomerate company. Reliance owns businesses across India engaged in sports and entertainment, energy, petrochemicals, textiles, natural resources, retail, and telecommunications.

The Khaitan & Co team consisted of Partner Rahul Dutt (Picture), Shantanu Gupta (Partner), Saumya Kakar (Senior Associate) and Virali Nagda (Associate).

Involved fees earner: Rahul Dutt – Khaitan & Co.; Shantanu Gupta – Khaitan & Co.; Saumya Kakar – Khaitan & Co.; Virali Nagda – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Reliance Industries Limited;

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Author: Michael Patrini