Mukesh Ambani-backed Company Divests Property Management Arm for Rs 2,74,00,00,000
Join Us
Follow Us
Reliance Retail’s Rs 274 crore divestment highlights a sharper focus on core operations despite negligible financial impact.
✨ AI Powered Summary
Reliance Retail Ltd (RRL), a step-down subsidiary of Reliance Industries Ltd, has divested its entire 100 per cent equity stake in Reliance Projects & Property Management Services Ltd (RPPMSL) to Jaipur Enclave Private Ltd for an aggregate consideration of Rs 274 crore.
Following the completion of the transaction, RPPMSL has ceased to be a subsidiary of the Company.
RPPMSL’s contribution to the Company’s consolidated financials remains marginal. For the financial year ended March 31, 2026, the entity accounted for a turnover of Rs 6,412.60 crore, representing 0.06 per cent of the consolidated turnover. Its net worth stood at Rs 342.45 crore, contributing 0.04 per cent to the Company’s overall net worth.
Reliance Industries Ltd received the intimation from Reliance Retail Ltd at 7:03 p.m. (IST) on April 13, 2026.
About Reliance Industries Ltd
Reliance Industries is India’s largest private‑sector conglomerate by market capitalisation and revenue, with a diversified portfolio across energy, petrochemicals, refining, retail, telecommunications, and media. It is a vertically integrated energy and materials giant: from oil & gas exploration and huge refining complexes (Jamnagar) to midstream petrochemicals and then downstream consumer businesses (retail, telecom via Jio).
Reliance Retail
Reliance Retail is the retail arm of Reliance Industries and is positioned as India’s largest retailer by revenue and store count, with a nationwide omni‑channel presence (physical stores + digital). It focuses on everyday consumer goods, offering a wide range of products across grocery, fashion, consumer electronics, furniture, farm inputs, and telecom services.
Reliance Industries Ltd Share Price Performance
Reliance Industries Ltd share price closed at Rs 1,315.10, down Rs 35.10, or 2.60 per cent lower.
On a performance basis, the stock is down 16.60 per cent year-to-date (YTD), while it has gained 7.80 per cent over the past year.
Disclaimer: The article is for informational purposes only and not investment advice.