Reliance Retail acquires 96% holding in Urban Ladder for Rs 182 cr

Reliance Retail has acquired 96% stake in Urban Ladder in a Rs 182.12 cr all-cash deal. The Reliance Group subsidiary has a further option of acquiring the rest of the stake. RRVL proposes to make a further investment of up to Rs 75 cr, which is expected to be completed by Dec 2023. UrbanLadder was incorporated in Feb 2012 and is in the business of operating a digital platform for home furniture and decor products.

Click here to read the full story

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s