Reliance Industries Ltd, through its subsidiary Reliance Jio Digital Services Ltd, has acquired 87% stake in artificial intelligence (AI) chatbot company Haptik Infotech Pvt. Ltd for ₹700 crore..Khaitan & Co acted for Reliance Jio and the team was led by Partners Vivek Sriram, Supratim Chakraborty, and Ashraya Rao along with Principal Associate Suhana Islam Murshedd, Senior Associate Aastha Khurana and Associates Aritri Roy Chowdhury, Rimjhim Khandelwal, Aman Dwivedi, Sarayu Satish and Amulya Sharma..Principal Associate Shabnam Shaikh and Associate Agranee Kapoor advised on ESOP related aspects of the transaction..Counsel Shailendra Bhandare and Associate Sourav Dan assisted on intellectual property related aspects of the transaction..Shardul Amarchand Mangaldas advised Haptik with a team led by Partner Nikhil Sachdeva along with Associate Mayank Malhotra..The investment will help Reliance Jio Infocomm Ltd leverage Haptik’s capabilities to build India’s largest AI assistant across chat, voice and vernacular language, reported Mint.
Reliance Industries Ltd, through its subsidiary Reliance Jio Digital Services Ltd, has acquired 87% stake in artificial intelligence (AI) chatbot company Haptik Infotech Pvt. Ltd for ₹700 crore..Khaitan & Co acted for Reliance Jio and the team was led by Partners Vivek Sriram, Supratim Chakraborty, and Ashraya Rao along with Principal Associate Suhana Islam Murshedd, Senior Associate Aastha Khurana and Associates Aritri Roy Chowdhury, Rimjhim Khandelwal, Aman Dwivedi, Sarayu Satish and Amulya Sharma..Principal Associate Shabnam Shaikh and Associate Agranee Kapoor advised on ESOP related aspects of the transaction..Counsel Shailendra Bhandare and Associate Sourav Dan assisted on intellectual property related aspects of the transaction..Shardul Amarchand Mangaldas advised Haptik with a team led by Partner Nikhil Sachdeva along with Associate Mayank Malhotra..The investment will help Reliance Jio Infocomm Ltd leverage Haptik’s capabilities to build India’s largest AI assistant across chat, voice and vernacular language, reported Mint.