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.

— Ndtv

IndusLaw advised Urban Ladder Home Decor Solutions Private Limited and its promoters Ashish Goel and Rajiv Srivatsa, led by a team of partnerAnindya Ghosh, principal associateAakash Dasgupta and associateJaidrath Zaveri.

Cyril Amarchand Mangaldas acted for Reliance Retail Limited, including a team of partnerAishwarya K and associateSurbhi Ajitsaria.

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

2020-11-01

Deal value: Rs 182 crore

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