Reliance Retail acquires 89% stake in Clovia for ₹950 crore
India's largest retailer paid ₹950 crore to buy an 89% equity stake in Clovia through a combination of secondary stake purchase and primary investment.
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India's largest retailer paid ₹950 crore to buy an 89% equity stake in Clovia through a combination of secondary stake purchase and primary investment.
Reliance Retail Ventures Ltd (RRVL) on Sunday announced the acquisition of a majority 89 per cent equity stake in Clovia, an industry leader in the bridge-to-premium intimate wear category, with an investment of Rs 950 crore. RRVL has acquired 89 per cent equity stake in Purple Panda Fashions Pvt Ltd, which owns and operates the Clovia business, through a combination of
Get latest articles and stories on Latest News at LatestLY. Reliance Retail Ventures Ltd (RRVL) on Sunday announced the acquisition of a majority 89 per cent equity stake in Clovia, an industry leader in the bridge-to-premium intimate wear category, with an investment of Rs 950 crore. Latest News | Reliance Retail Acquires 89% Stake in Lingerie Retailer Clovia for Rs 950 Cr.
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