Reliance is planning to invest up to ₹3,900 crore into its fast-moving consumer goods (FMCG) arm, Reliance Consumer Products (RCPL), through a mix of equity and debt. This move is aimed at boosting its presence in the Indian FMCG market, competing with big names like Hindustan Unilever, ITC, Coca-Cola, and Adani Wilmar.
Key Details:
- RCPL’s board approved a plan to raise capital during a meeting on July 24.
- The company will increase its share capital to ₹100 crore and borrow up to ₹3,000 crore.
- RCPL will also issue ₹775 crore worth of zero-coupon debentures to raise funds in stages.
- This will be Reliance’s largest capital infusion into its FMCG arm since its launch in November 2022.
- The investment hints at potential acquisitions, product expansion, or major growth plans for the company.
Reliance is focusing on providing high-quality, affordable products to drive more consumption across India.
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