Reliance Industries Re11.8 billion acquisition of 72.69% stake in Embibe

13/4/2018

Private acquisition

Value:

Re 11.8 billion

Dollar value:

$ 177 million

Status:

Announced

Date:

13/4/2018

Overview:

Reliance Industries has acquired a 72.69% stake in Embibe for Re11.8 billion.
Embibe is a provider of personalized learning outcomes.
Deloitte has provided tax advice to Embibe.
Citibank and Pricewaterhouse Coopers have acted as financial and tax advisers respectively to Reliance Industries.

Katrin Kostadinova - Data analyst

Jurisdiction:

India

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

India

Industry sector:

Industrials and manufacturing

Firms:

AZB & Partners

Party: Reliance Industries (Acquirer)

Lawyers: Ashwath Rau, Nilanjana Singh

Covington & Burling

Party: Reliance Industries (Acquirer)

Khaitan & Co

Party: Embibe (Target)

Shardul Amarchand Mangaldas & Co

Party: Embibe (Target)

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