Reliance Industries and banking major State Bank of India have signed the shareholder agreement to set up the payments bank joint venture..Talwar Thakore Associates acted for Reliance Industries with a team led by Partners Feroz Dubash and Sonali Mahapatra along with Managing Associates Shruti Zota and Neville Golwalla and Associate Kanwardeep Singh..On the competition side, Vinod Dhall advised with Managing Associates Ram Kumar and Associates Avinash Amarnath and Mansi Tewari..Cyril Amarchand Mangaldas acted for SBI. The CAM team was initially led by Partners Ashwath Rau and Anu Tiwari, who have now moved to AZB & Partner. Rau was replaced by Partner Indranath Bishnu..The Subscription and Shareholders’ Agreement was signed by RIL as promoter with a 70 per cent equity contribution and SBI as joint venture with a 30 per cent equity contribution on June 30, 2016.
Reliance Industries and banking major State Bank of India have signed the shareholder agreement to set up the payments bank joint venture..Talwar Thakore Associates acted for Reliance Industries with a team led by Partners Feroz Dubash and Sonali Mahapatra along with Managing Associates Shruti Zota and Neville Golwalla and Associate Kanwardeep Singh..On the competition side, Vinod Dhall advised with Managing Associates Ram Kumar and Associates Avinash Amarnath and Mansi Tewari..Cyril Amarchand Mangaldas acted for SBI. The CAM team was initially led by Partners Ashwath Rau and Anu Tiwari, who have now moved to AZB & Partner. Rau was replaced by Partner Indranath Bishnu..The Subscription and Shareholders’ Agreement was signed by RIL as promoter with a 70 per cent equity contribution and SBI as joint venture with a 30 per cent equity contribution on June 30, 2016.