Reliance Industries' retail arm Reliance Retail Ventures has acquired a 96% stake in online furniture store Urban Ladder for ₹182.12 crore. Mukesh Ambani-led Reliance Retail also has the option of acquiring the remaining stake and it has proposed a further investment of ₹75 crore by 2023-end. "The...investment will further enable the group's digital and new commerce initiatives," said Reliance.