Mukesh Ambani's Reliance Industries to spin off FMCG brands into new arm ahead of mega IPO plan

RELIANCE

Mukesh Ambani's Reliance Industries to spin off FMCG brands into new arm ahead of mega IPO plans $***** The products are currently with Reliance Retail Ventures Ltd (RRVL), Reliance Retail Ltd (RRL) and Reliance Consumer Products Ltd (RCPL). The unit that's going to house the FMCG brands is to be called New Reliance Consumer Products Ltd (New RCPL) and will be a direct subsidiary of RIL, much like Jio Platforms Ltd.