Mukesh Ambani's Reliance Retail Acquires Majority Stake In Online Retail Brand Clovia For $125 Million

The retail arm of billionaire Mukesh Ambani’s Reliance Industries purchased an 89% equity stake in Purple Panda Fashions, which owns and operates Clovia, for $125 million.

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Reliance Retail acquires majority stake in D2C brand Clovia for

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