IFLR1000

Reliance Industries Rs2.9 billion acquisition of stake in Shopsense Retail Technologies

11/8/2019
Private acquisition
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Re 2.952 billion

$ 41.501 million

Announced

11/8/2019

Overview:

  • Multinational conglomerate Reliance Industries is set to acquire a significant stake in e-commerce firm Shopsense Retail Technologies for Rs2.9 billion.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:
Bharucha & Partners

Party: Shopsense Retail Technologies (Target)

Lawyer: Alka Bharucha

Khaitan & Co

Party: Reliance Industries (Acquirer)

Lawyer: Supratim Chakraborty

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