“Reliance Industries Limited has agreed to buy majority stake of 72.69% in the artificial intelligence (AI)-based education platform Indiavidual Learning Pvt Ltd (“Embibe”) from existing investors,” reported The Hindu.

AZB & Partners advised Reliance Industries Limited led by a team of partners Ashwath Rau; Anu Tiwari; Nilanjana Singh and lawyers Nirmal Mahtani, Utkarsh Bhatnagar; Rachana Rautray.

Shardul Amarchand Mangaldas & Co advised Indiavidual Learning Private Limited.

2018-04-12

Deal value: Rs 1180 crore ($180m)