Reliance Industries’ subsidiary -- Reliance Retail Ventures (RRVL) has acquired a 52 per cent stake in veteran couturier Ritu Kumar's firm ‘Ritika’ for an undisclosed amount. RRVL's majority equity acquisition in Ritika included completely acquiring Everstone's 35 per cent stake in the company. Everstone is a global equity firm.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
