India's Reliance Retail to take 51% stake in kid's clothing brand Ed-a-Mamma

Reliance Retail Ventures, owned by Mukesh Ambani, India’s biggest retailer to take 51% stake in kid's clothing brand Ed-a-Mamma

Justification

Reliance Retail, the Retail giant led by Isha Ambani, with 18k outlets to take 51% of Ed-a-Mamma, owned by Indian actress Alia Bhatt.

Retail last month raised $1 billion from Qatar Investment Authority at a $100 billion valuation last month and is in talks with global investors to raise around $2.5 billion more by the end of September.

The company has tie-ups ranging from domestic brand labels such as Ritu Kumar, Manish Malhotra to foreign brands such as Armani & Marks & Spencer.