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IndusLaw acts for Urban Ladder on $24.4m sale to Reliance Retail with Cyril Amarchand (+Algo)

Billionaire Mukesh Ambani-led Reliance Industries’ retail arm Reliance Retail Ventures has bought a 96 per cent stake in online furniture retailer Urban Ladder for Rs 182.12 crore ($24.4 million), in an attempt to expand its presence in India’s online retail market.


IndusLaw advised Urban Ladder Home Decor Solutions Private Limited and its promoters Ashish Goel and Rajiv Srivatsa, led by a team of partner Anindya Ghosh, principal associate Aakash Dasgupta and associate Jaidrath Zaveri.

Cyril Amarchand Mangaldas acted for Reliance Retail Limited, including a team of partner Aishwarya K and associate Surbhi Ajitsaria.

Algo Legal acted for the existing investors in the company, led by a team including lawyers Ankit Guha, Lalu John Philip, Utsav Gandhi and Srushti Shanbhag.


Deal value: Rs 182 crore

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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