NCLT approves Reliance Retail's restructuring plan
after close1 source ↓written by the desknot a recommendation
- to amalgamate Reliance
- 6 Nov 2023
The Mumbai bench of the National Company Law Tribunal approved a scheme on 6 Nov 2023 to amalgamate Reliance Retail's consumer brands into New Reliance Consumer Products. This includes a slump sale of FMCG brands to Reliance Retail Ventures, which will serve as the holding company for these businesses. The restructuring is expected to streamline operations and enhance brand value in the competitive FMCG sector. 📈
Not investment advice. For informational purposes only.