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Reliance Brands buys 15% stake in Zivame, plans to buy 100% stake: Report
short by Pragya Swastik / on Tuesday, 28 July, 2020
Reliance Brands, a subsidiary of Reliance Industries (RIL), has acquired a 15% stake in lingerie retailer Zivame and is reportedly in talks to buy a 100% stake in the startup, The Economic Times reported. The 15% stake Reliance Brands bought in Zivame belonged to Ronnie Screwvala-owned Unilazer Ventures. Reliance Brands could reportedly pay about ₹1,200 crore to buy Zivame.