Reliance Retail acquires majority stake in Urban Ladder for INR 182 Cr
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Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd (RIL), has acquired equity shares of online furniture startup Urban Ladder Home Decor Solutions Pvt Ltd for INR 182.12 Cr. Reliance Retail has bought 96% holding in the equity share capital of Urban Ladder and has a further option of acquiring the balance stake. Reliance Retail proposes to make a further investment of up to INR 75 Cr.