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Reliance acquires online furniture startup Urban Ladder

Nov 15, 2020, 02:43PM ISTSource: TOI.in

Reliance Retail Ventures Limited (RRVL) has acquired equity shares of Urban Ladder Home Décor Solutions for a cash consideration of Rs 182.12 crore. RRVL is a subsidiary of Reliance Industries Limited (RIL). The said RRVL investment represents 96% holding in the equity share capital of Urban Ladder. RRVL has a further option of acquiring the balance stake, taking its shareholding to 100% of the equity share capital of Urban Ladder.

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