Friday, 24 March, 2023

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

<p>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.</p>