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.
— Ndtv
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.
2020-11-01
Deal value: Rs 182 crore
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