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Reliance Retail, the country's leading retailer, has completed the internal restructuring process, in which its consumer business has been transferred on a going-concern basis to a new entity -- New Reliance Consumer Products Ltd (New RCPL). New RCPL has now become a direct subsidiary of Reliance Industries Ltd (RIL), in which the billionaire Mukesh Ambani-led group will hold an 83.56 per cent stake, according to a late-night regulatory filing on Monday. As per the scheme of arrangement among Reliance Retail Ltd (RRL) and Reliance Retail Ventures Ltd (RRVL) and their shareholders and creditors, and Reliance Consumer Products Ltd (RCPL), it has transferred the FMCG brands business from RRL to a new entity named New Reliance Consumer Products Ltd (New RCPL). The "scheme has become effective from December 01, 2025, and in terms of the Scheme, RCPL, a subsidiary of the company, stands dissolved effective December 01, 2025," it said. "Further, in terms of the Scheme, as a consideration
Reliance Industries has completed the merger of Star Television Productions Ltd (STPL), a subsidiary of the company, with Jiostar, according to regulatory updates. On November 14, 2024, Reliance had intimated about the scheme of arrangement for the merger of STPL with Star India, now known as Jiostar India, another subsidiary of the company. "Jiostar has, on November 30, 2025 at 6:09 pm (IST), informed the Company that the said scheme has become effective from November 30, 2025, and STPL stands merged with Jiostar," Reliance Industries Ltd informed in a regulatory filing. STPL owns the STAR' brand and licenses it to group companies. JioStar is the joint venture created after the merger of the media business of Reliance and the India business of global media giant Walt Disney in November 2024. The combined company was valued at USD 8.5 billion. It is the country's leading media and entertainment platform and had reported revenues of Rs 7,232 crore in the September quarter along wi
The combined market valuation of seven of the top-10 most valued firms surged by Rs 1,28,281.52 crore last week, with Reliance Industries and Bharti Airtel emerging as the biggest gainers, in line with a positive trend in equities. Last week, the BSE benchmark jumped 669.14 points or 0.79 per cent. While Reliance Industries, HDFC Bank, Bharti Airtel, Tata Consultancy Services (TCS), State Bank of India, Infosys and Hindustan Unilever were the gainers, Bajaj Finance, Life Insurance Corporation of India (LIC) and ICICI Bank faced erosion in their valuation. The market valuation of Reliance Industries jumped by Rs 36,673 crore to Rs 20,92,052.61 crore. Bharti Airtel's valuation surged by Rs 36,579.01 crore to Rs 12,33,279.85 crore. The valuation of Infosys zoomed by Rs 17,490.03 crore to Rs 6,41,688.83 crore, and that of TCS rallied by Rs 16,299.49 crore to Rs 11,39,715.66 crore. The market capitalisation (mcap) of HDFC Bank grew by Rs 14,608.22 crore to Rs 15,35,132.56 crore, and t