• Chethan Machaknur

Reliance may buy Urban Ladder, Milkbasket

Reliance Industries Ltd is in talks to buy online furniture retailer Urban Ladder and milk delivery firm Milkbasket to strengthen its e-commerce business, the Times of India newspaper reported

Talks with Urban Ladder are at an advanced stage, the report said, citing four unnamed sources briefed on the matter. A deal could be pegged at around $30 million, it said

Representatives at Reliance, Urban Ladder and Milkbasket did not immediately respond to Reuters requests for comment.

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