Sensex Today | Stock Market Live Updates: UK's struggling fashion retailer Superdry said on Wednesday it would sell its intellectual property assets in South Asia to Reliance Retail, India's largest retailer, for 40 million pounds ($48.27 million) via a joint venture. Superdry - which has been grappling with weak orders from wholesale partners cautious on stock levels and liquidity - said it expects gross cash proceeds of 30.4 million pounds.