Reliance Retail plans IPO by 2028 with growth strategy
pre-market1 source ↓written by the desknot a recommendation
- and reduce
- 2,000 stores annually
- its debt
- ₹53,000 cr to ₹20,000 cr
- covering
- 4,000 pincodes
Reliance Retail is set to launch an IPO by 2028, focusing on profitability and rapid expansion in the quick commerce sector. The company aims to add 2,000 stores annually and reduce its debt from ₹53,000 cr to ₹20,000 cr. Its 30-minute delivery model via JioMart is gaining traction, covering 4,000 pincodes.
Not investment advice. For informational purposes only.