Indiavidual Learning (Embibe), a subsidiary of Reliance Industries has acquired equity shares of eDreams Edusoft (Funtoot) for a cash consideration of Rs 71.64 crore representing 90.5% holding in the equity share capital of Funtoot. The aforesaid acquisition is expected to accelerate Embibe’s digital education technology platform development initiatives.
Reliance Industries’ arm Embibe acquires majority stake in Funtoot
Date posted: Friday 20 December 2019