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The latest announcement is out from Reliance Industries Limited ( (IN:RELIANCE) ).
Reliance Industries said its step-down subsidiary Reliance Retail Limited has sold its entire 100% equity stake in Reliance Projects & Property Management Services Limited to Jaipur Enclave Private Limited for Rs. 274 crore, removing the unit from the group’s list of subsidiaries. The buyer is unrelated to the promoter group, and the divested entity contributed just 0.06% to consolidated turnover and 0.04% to net worth in FY25, indicating the transaction is financially immaterial to the conglomerate’s overall balance sheet while modestly streamlining its corporate structure.
The company confirmed that the deal is not a related-party transaction and that Reliance Retail notified the parent about the sale on April 13, 2026, in the evening. The move underscores Reliance’s ongoing portfolio rationalisation within its retail and ancillary services ecosystem, with limited operational or financial impact expected for shareholders given the small size of the divested business relative to the group’s consolidated operations.
More about Reliance Industries Limited
Reliance Industries Limited is a diversified Indian conglomerate with operations spanning energy, petrochemicals, retail, and digital services. Through its step-down subsidiary Reliance Retail Limited, the group has built one of India’s largest retail platforms, focusing on consumer-facing businesses and related project and property management services across the country.
Average Trading Volume: 1,036,403
Technical Sentiment Signal: Buy
Current Market Cap: 18270.9B INR
See more data about RELIANCE stock on TipRanks’ Stock Analysis page.