India’s Reliance Retail completes consumer business restructuring

Group 1 - Reliance Retail has completed an internal reorganization, transferring its FMCG brands business to a newly formed company, New Reliance Consumer Products (New RCPL) [1][2] - New RCPL is now a direct subsidiary of Reliance Industries (RIL), which holds an 83.56% stake in the new entity [2][4] - The previous entity, RCPL, has been dissolved effective from December 1, 2025, and the consumer business has been transferred on a going-concern basis [2][3] Group 2 - New RCPL will issue one fully paid-up equity share of ₹10 ($0.11) for every two shares held in Reliance Retail Ventures (RRVL), leading to a cancellation of the existing paid-up share capital [3] - Following the share allotment and cancellation, RIL's stake in New RCPL mirrors its holding in RRVL, with other investors retaining 16.44% in RRVL [4] - Reliance Retail has appointed former Carrefour executive Guillaume de Colonges to lead its grocery business in preparation for a potential IPO in 2027-28 [4] Group 3 - Reliance Retail has signed an exclusive distribution partnership with Germany-based cosnova Beauty to introduce the essence cosmetics brand in India, utilizing its omnichannel network [5]