NCLT OKs transfer of RIL group's consumer brand ops to New Reliance Consumer
This story was originally published at 20:47 IST on 6 November 2025
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NEW DELHI – The Mumbai bench of the National Company Law Tribunal Thursday approved a scheme of amalgamation to transfer Reliance Retail Ventures Ltd.'s consumer brands business undertakings to New Reliance Consumer Products Ltd. The scheme of amalgamation involves transfer and vesting of the fast moving consumer goods brands business undertaking from Reliance Retail to Reliance Retail Ventures as a going concern on slump sale basis, and amalgamation of Reliance Consumer Products with Reliance Retail Ventures.
The tribunal said that Reliance Consumer Products will be dissolved without winding up. In accordance with the scheme, the name of New Reliance Consumer Products Ltd. shall stand changed to 'Reliance Consumer Products Ltd.' or such other name which is available and approved by the appropriate authority, the tribunal said.
Reliance Retail Ventures is the holding company of various retail businesses of Reliance Industries Ltd. group. Reliance Consumer Products Ltd., a wholly-owned subsidiary of Reliance Retail Ventures, is engaged in manufacturing, distribution, selling and marketing of multiple products under fast moving consumer goods category. Reliance Retail Ltd., another wholly-owned subsidiary of Reliance Retail Ventures, is also engaged in fast moving consumer goods brands business.
According to the scheme, the consumer brands business was not part of the retail business and it was proposed that this business be housed in a direct subsidiary of Reliance Industries Ltd., which was the New Reliance Consumer Products. "Accordingly, this composite scheme is being undertaken as part of internal restructuring of companies in RIL group to house the consumer brands business in New RCPL (Reliance Consumer Products) and will have RIL and other investors of RRVL (Reliance Retail Ventures Ltd.) holding the same percentage shareholding as in RRVL," said the scheme.
Thursday, the shares of Reliance Industries Ltd. ended 1.6% higher at INR 1,496.10 on the National Stock Exchange. End
Reported by Surya Tripathi
Edited by Vandana Hingorani
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