Gold Silver Reoirts (GSR) – Reliance Industries Rises On Acquiring Education Technology Provider – Shares of the Mukesh Ambani -led company rose as much as 1 percent to Rs 937.85 after it acquired close to 73 percent stake in education technology provider Indiavidual Learning Private Ltd (Embibe).
RIL will invest $180 million into the company over next three years. Embibe is an emerging education technology provider incorporated in India in August, 2012.
Reliance said Embibe is an early stage company has on-boarded 60 education institutions to its platform. – Neal Bhai Reports
