RRVL had acquired the 35% stake that Singapore-based private equity firm Everstone held in Ritika Pvt Ltd after investing $16.6 million in the company in 2014. Reliance bought an additional 17% over and above that
Reliance Retail Ventures Limited (RRVL) and the pioneer of Indian fashion, designer Ritu Kumar, announce a collaboration chartering a new course together with RRVLs majority equity acquisition in Ritika Pvt Ltd completely acquiring Everstones .