2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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50%
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72%
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96%
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56%
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Detailed explanation-1: -Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (RIL) has acquired equity shares of Urban Ladder Home Decor Solutions Private Limited for a cash consideration of Rs 182.12 crore. The investment represents 96 percent holding in the equity share capital of Urban Ladder.
Detailed explanation-2: -The 182 Crore Deal On November 15, the company announced that it has bought a 96% majority stake in Urban Ladder for Rs 182.12 crore ( $24.4 million). RRVL also has the option of acquiring the balance 4% stake, as per a regulatory filing to the BSE.
Detailed explanation-3: -Its registered office is in Mumbai, Maharashtra, india. The Company’s status is Active, and it has filed its Annual Returns and Financial Statements up to 31 Mar 2022 (FY 2021-2022). It’s a company limited by shares having an authorized capital of Rs 15, 000.00 cr and a paid-up capital of Rs 4, 990.42 cr as per MCA.
Detailed explanation-4: -Valuation of Reliance Retail Limited Unlisted Shares The current valuation (as on 09.09. 2022) of Reliance Industries is 17 Lakh Crores and Reliance Retail is trading at 28 Lakh Crores which is insanely valued in the unlisted market.