General Atlantic to Invest $498 Million in Reliance’s Retail Business

Paul, Weiss is advising General Atlantic in its investment of INR 36.75 billion ($498.31 million) in Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, India’s largest private sector company. Reliance Retail Limited, a subsidiary of RRVL, operates India’s largest, fastest growing and most profitable retail business, with approximately 12,000 stores. The transaction is subject to regulatory and other customary approvals.

The Paul, Weiss team included corporate partners Matthew Abbott and Neil Goldman; and tax partner Lindsay Parks and counsel Shane Milam.