Reliance Industries restructures FMCG brands ahead of IPO
Reliance Industries is setting up New Reliance Consumer Products Ltd (New RCPL) to handle all its FMCG brands, aiming to attract investors and make its business structure clearer ahead of a major IPO.
This move is part of RIL's push to boost its appeal and valuation, especially as it prepares for an upcoming Jio IPO.
New RCPL to offer everyday products
New RCPL will focus on making, marketing, and selling everyday products—think snacks and drinks—at prices 20-40% lower than brands like Coca-Cola and Hindustan Unilever.
The company already has over 15 brands under its belt, including Campa Cola and Independence.
RRVL is valued at over $100 billion
Reliance Retail Ventures Ltd (RRVL), which owns these FMCG businesses, is valued at over $100 billion.
The spin-off helps separate out business lines so investors can see exactly what they're getting into when the retail arm eventually lists.