India: Reliance acquires 96% stake in furniture retailer Urban Ladder

India: Reliance acquires 96% stake in furniture retailer Urban Ladder

Image from UrbanLadder.com

India’s Reliance Industries Ltd said on Sunday it has bought a 96% stake in online furniture retailer Urban Ladder for 1,821.2 million rupees ($24.4 million), furthering its attempt to expand its presence in India’s online retail market.

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