Davis Polk Helps Indian Retailer Close $6.4B Fundraising

Law360 (November 19, 2020, 7:07 PM EST) -- Reliance Industries said Thursday its retail ventures unit, assisted by Cyril Amarchand Mangaldas and Davis Polk & Wardwell LLP, wrapped up a fundraising spree with 472.65 billion rupees ($6.37 billion) in commitments from investors.

Together, the investors will hold about a 10% stake in Reliance Retail Ventures Ltd., the announcement said. Reliance Retail operates thousands of stores across India and is hoping to lead the widespread digitalization of the country's small and mid-size businesses.

"We feel honored by the phenomenal interest shown by investors in our business and look forward to working with our partners to benefit from their experience and...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!