Reliance Retail acquires online furniture store Urban Ladder for Rs 182 crore

NEW DELHI: The RRVL (Reliance Retail Ventures Limited), a subsidiary of Reliance Industries Limited (RIL) has acquired equity shares of Urban Ladder Home Décor Solutions for a cash consideration of Rs 182.12 crore. The said 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.