Latham Advises Jio Platforms on INR 301,876 Million (US$3.2 Billion) IPO

Latham & Watkins has advised Jio Platforms Limited on its INR 301,876 million (approximately US$3.2 billion) initial public offering (IPO) on the National Stock Exchange of India and the BSE. This landmark offering represents the largest-ever IPO in India.

Following this transaction, Latham has now advised the issuers on the largest three IPOs in Indian history having previously represented Hyundai Motor India on its IPO, the second largest IPO in India, and National Stock Exchange of India Limited on its IPO, the third largest IPO in India. The firm has also advised on the top five largest Indian IPOs by private sector companies and six of the top ten largest Indian IPOs.

The Latham team was led by Singapore partner Rajiv Gupta, with counsel Esha Goel and associate Helan Sun. Advice was also provided on tax matters by Chicago partner Enrique Rene de Vera, with New York associate Claire Park; and on US regulatory matters by London counsel Thomas Lane, with Washington, D.C. associate Matthew Gregory.

About Jio Platforms

Jio is a technology platform, built on proprietary digital technology and pan-India digital connectivity as the foundational layer driving digital transformation in India. Since inception, it has played a pivotal role in democratizing access to digital connectivity and digital services in India. Jio Platforms’ digital connectivity forms one of the fundamental pillars of India’s growing digital economy.

About Latham's India Practice

With over 20 years of experience advising on Indian debt and equity capital markets transactions, Latham has one of the largest and most active India practices among international law firms. The multi award-winning practice comprises more than 50 lawyers globally, and the team has advised on India-related matters with a combined value in excess of US$100 billion since 2018.