NCLT approves Reliance Retail's restructuring plan
after close1 source ↓written by the desknot a recommendation
- ₹6,624 cr
The National Company Law Tribunal (NCLT) has approved Reliance Retail’s restructuring plan, which aims to reorganize its consumer products business. This includes a shift of FMCG brands into a new entity, Reliance Consumer Products Limited.
In Q2 FY2024, EBITDA rose 16.7% to ₹6,624 cr, reflecting strong operational performance. This restructuring could enhance operational efficiency and market positioning for Reliance Retail.
Not investment advice. For informational purposes only.