Jio Platforms IPO: DRHP Reveals Names of Top Global and Indian Law Firms Managing the Deal

Jio Platforms Limited’s highly anticipated proposed initial public offering (IPO), which is positioned to become India's largest-ever public market issue, has finalised its lineup of top-tier domestic and international legal advisors. According to the draft red herring prospectus (DRHP), prominent corporate law firms Shardul Amarchand Mangaldas & Co (SAM), Cyril Amarchand Mangaldas (CAM), Latham & Watkins LLP, and White & Case LLP are steering the legal complexities of the transaction. The massive public issue consists of a fresh offering of up to 270 million equity shares of face value INR 10 each, with market reports indicating Jio Platforms aims to raise approximately USD 3.8 billion.

Domestic Legal Counsel Breakdown

Serving as the lead Indian legal counsel to Jio Platforms, Shardul Amarchand Mangaldas & Co has deployed a robust team for the transaction. Strategic guidance is being provided by Prashant Gupta, Partner and National Practice Head of Capital Markets. The core transaction team is led by Partner Nikhil Naredi alongside Principal Associates Chinmay Sethia and Tarun Srikanth, Senior Associates Shruthi Hariharan and Sridutt Mishra, and a group of eight corporate associates. Jio Platforms IPO DRHP Filed: Mukesh Ambani Confirms Isha, Akash and Anant Will Lead the Jio IPO Process.

Simultaneously, Cyril Amarchand Mangaldas is advising Jio Platforms as co-Indian legal counsel. Senior Partners L. Viswanathan and Yash J. Ashar, along with Manan Lahoty, Partner and Head of Capital Markets, are supervising the transaction. The execution team is spearheaded by Devaki Mankad, Partner and Regional Co-Head of Capital Markets (West), supported by four principal associates, four senior associates, and ten associates.

International Advisory and Bookrunners' Counsel

To navigate global compliance rules, Jio Platforms has retained Latham & Watkins LLP to act as its international legal counsel. On the opposite side of the table, White & Case LLP is advising the book-running lead managers on the international components of the listing, specifically concerning the proposed Rule 144A and Regulation S compliance. The White & Case team is co-led by partners Rahul Guptan in London and Kaya Proudian in Singapore. The cross-border team also includes partner Steven Gee in New York, local partner James Hsiao in Hong Kong, counsel Royston Tan, and five global associates.

Key In-House Appointments and Board Governance

The regulatory filings reveal crucial internal structural updates ahead of the historic public debut. Rajagopal Venkatakrishnan was officially appointed as the General Counsel of Jio Platforms on June 1, 2026. Venkatakrishnan brings more than three decades of legal expertise to the role and has been heavily integrated with the Reliance Group's legal operations since 2015.

Furthermore, the governance architecture of Jio Platforms' board features prominent representation from the Indian legal fraternity. Haigreve Khaitan, Managing Partner of Khaitan & Co, and Zia Jaydev Mody, Co-founder and Managing Partner of AZB & Partners, both serve as independent directors on the company's board. Reliance Industries Opening Bell Updates: AGM, Jio IPO, AI in Focus.

Historical Context: From Megadeals to Public Markets

This massive public market debut follows a historic fundraising phase undertaken by Jio Platforms during the COVID-19 pandemic in 2020. Over a six-month window, the digital giant raised an unprecedented INR 1,52,056 crore by offloading a collective 32.97 per cent stake to prominent global tech firms and private equity majors. During that 14-deal fundraising streak between April and July 2020, major tech corporations including Facebook (INR 43,574 crore for a 9.99 per cent stake) and Google (INR 33,737 crore for a 7.73 per cent stake) entered the cap table. Global investment entities such as Silver Lake, Vista Equity Partners, KKR, Mubadala, ADIA, TPG, and the Public Investment Fund (PIF) also secured stakes. AZB & Partners and international firm Davis Polk & Wardwell served as the primary legal architects for the majority of those capital-raising transactions, laying the corporate groundwork for the upcoming USD 3.8 billion public listing.

(The above story first appeared on LatestLY on Jun 20, 2026 06:01 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).