The retail arm of Reliance Industries, owned by billionaire Mukesh Ambani, has acquired a 96 percent stake in online furniture retailer Urban Ladder for more than 182 million rupees. “Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries (RIL), has acquired shares of Urban Ladder Home Decor Solutions Pvt …
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Written by Pranav Mukul, edited by Explained Desk | New Delhi | Updated: November 15, 2020 6:27:03 pm Reliance Retail also has the option to acquire the remaining stake, bringing its stake to 100% of UrbanLadder’s capital stock. (File photo / PTI) Reliance Industries Ltd’s subsidiary, Reliance Retail Ventures Ltd, …
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Reliance Retail Limited operates the fastest growing retail business in India Reliance Retail Ventures, the retail arm of Reliance Industries, led by Mukesh Ambai, bought a 96 percent stake in online furniture retailer Urban Ladder for Rs 182.12 crore ($ 24.4 million), in an attempt to expand its presence in …
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Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd (RIL), has acquired shares in online furniture startup Urban Ladder Home Decor Solutions Pvt Ltd to ₹Rs 182.12 crore RRVL bought a 96% stake in Urban Ladder’s share capital and has an additional option to acquire the remaining stake, …
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Reliance Industries Ltd., owned by Indian billionaire Mukesh Ambani, is offering to sell an approximately $ 20 billion stake in its retail business to Amazon.com Inc., according to a person with knowledge of the matter. Amazon has held investment talks in the conglomerate’s Reliance Retail Ventures Ltd. unit and has …
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