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Akash Ambani Reliance

RIL to buy 73% stake in Embibe, plans to invest $180 mn in 3 yrs

Reliance Industries Ltd (RIL) said on Friday it has entered into agreements to acquire close to 73 per cent stake in education technology provider Indiavidual Learning Private Ltd (Embibe) and will invest $180 million into the company over the next three years.