Reliance Retail has finalised an internal reorganisation under which its fast-moving consumer goods (FMCG) brands business has been moved, as a going concern, into a newly formed company, New Reliance Consumer Products (New RCPL).
According to a regulatory filing, the overhaul is being carried out under a composite scheme of arrangement involving Reliance Retail (RRL), Reliance Retail Ventures (RRVL), Reliance Consumer Products (RCPL) and Tira Beauty.
The new company has become a direct subsidiary of Reliance Industries (RIL), with RIL now holding an 83.56% stake.
As part of the scheme, Tira Beauty will be renamed RCPL.
The consumer business has been transferred from RRL to New RCPL on a going-concern basis.
The FMCG brands portfolio has been formally demerged from RRL and moved into New RCPL.
RIL stated that the scheme took effect on 1 December 2025.
The earlier entity, RCPL, which was a subsidiary of RIL, stands dissolved, effective from 1 December 2025.
Under the agreed structure, New RCPL will issue one fully paid-up equity share of Rs10 ($0.11) for every two fully paid-up equity shares of ₹10 held in RRVL.
Once these new shares are allotted, the existing paid-up share capital of New RCPL that was previously held by RRVL will be cancelled and reduced without any payment.
Following the share allotment and cancellation, New RCPL has become a direct subsidiary of Reliance Industries, mirroring RIL’s existing holding in the parent retail entity.
RIL now owns 83.56% of New RCPL, the same stake it holds in RRVL, while other investors retain the remaining 16.44% in RRVL.
Reliance Retail recently hired former Carrefour executive Guillaume de Colonges to lead its grocery business as the company gears up for a potential initial public offering in 2027–28.
Last month, Reliance Retail signed an exclusive distribution partnership with Germany-based cosnova Beauty to introduce the essence cosmetics brand in India.
The Indian retailer will distribute essence’s product range nationwide through its integrated omnichannel network, including online platforms, beauty stores and partner retail formats.
