<p data-mob="Reliance Retail Ventures acquires majority stake in Urban Ladder" data-reg="Reliance Retail Ventures acquires majority stake in Urban Ladder for <span class='webrupee'>₹</span>182.12 crore" id="headline_11605413432568">Reliance Retail Ventures, a subsidiary of Reliance Industries Ltd (RIL), acquired a majority stake in the online furniture store Urban Ladder for Rs 182.12 crore</p>.<p>RRVL bought 96% holding in the equity share capital of Urban Ladder and has the further option of acquiring the balance stake, taking its shareholding to 100%, according to a stock exchange filing on Saturday.</p>.<p>Reliance Retail proposes to further invest up to Rs 75 crore by December 2023.</p>.<p>An eight-year-old startup with stores online and offline, Urban Ladder's acquisition could trigger consolidation among other online retailers. </p>.<p>“The aforesaid investment will further enable the group`s digital and new commerce initiatives and widen the bouquet of consumer products provided by the group while enhancing user engagement and experience across its retail offerings." Reliance Retail said.</p>
<p data-mob="Reliance Retail Ventures acquires majority stake in Urban Ladder" data-reg="Reliance Retail Ventures acquires majority stake in Urban Ladder for <span class='webrupee'>₹</span>182.12 crore" id="headline_11605413432568">Reliance Retail Ventures, a subsidiary of Reliance Industries Ltd (RIL), acquired a majority stake in the online furniture store Urban Ladder for Rs 182.12 crore</p>.<p>RRVL bought 96% holding in the equity share capital of Urban Ladder and has the further option of acquiring the balance stake, taking its shareholding to 100%, according to a stock exchange filing on Saturday.</p>.<p>Reliance Retail proposes to further invest up to Rs 75 crore by December 2023.</p>.<p>An eight-year-old startup with stores online and offline, Urban Ladder's acquisition could trigger consolidation among other online retailers. </p>.<p>“The aforesaid investment will further enable the group`s digital and new commerce initiatives and widen the bouquet of consumer products provided by the group while enhancing user engagement and experience across its retail offerings." Reliance Retail said.</p>
