AZB, SAM, Covington, Gunderson act on JioMusic-Saavn merger

Bar & Bench March 25 2018

Reliance Industries is buying out Saavn music app for $104 million in cash and rest in stock, to merge it with its own digital music service JioMusic, valuing the combined music platform at about $1 billion.

AZB & Partners and Covington & Burling LLP acted for Reliance industries on this deal.

The AZB team was led by Partners Ashwath Rau and Kashish Bhatia along with Counsel Jasmin Karkhanis and Armaan Patkar . . .

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