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Reliance Industries Limited ( (IN:RELIANCE) ) has issued an update.
Reliance Industries Limited has announced that Abraham & Thakore Private Limited, a fashion label previously held as a step‑down subsidiary through Reliance Retail Ventures Limited, has issued equity rights to its founder fashion designers, increasing their stake to 50.91% of voting rights. As a result, operational and voting control of Abraham & Thakore has shifted back to the founders, and the company has ceased to be a subsidiary within the Reliance group, signaling a scaling back of Reliance’s direct control over this particular fashion brand within its broader retail and lifestyle portfolio.
More about Reliance Industries Limited
Reliance Industries Limited is a diversified Indian conglomerate with significant operations in energy, petrochemicals, retail and digital services, and its retail arm, Reliance Retail Ventures Limited, operates an extensive portfolio of consumer and lifestyle brands across India.
Average Trading Volume: 683,060
Technical Sentiment Signal: Buy
Current Market Cap: 20902.3B INR
See more insights into RELIANCE stock on TipRanks’ Stock Analysis page.