Reliance acquires Urban Ladder for Rs.182 CR | Addition to RIL’s Retail Arm
Urban Ladder is now the most recent acquisition by Reliance Industries Limited or RIL. Reliance via Reliance Retail Ventures Limited (which is its wholly-owned subsidiary) took over 96% shareholding in Urban Ladder trying to enter the furniture market. RRVL can in future secure the remaining 4% stake in Urban Ladder, according to documentation submitted by … Read more