Mukesh Ambani's RIL may list retail arm Reliance Retail Ventures in 2019

Reliance operates its retail business through its subsidiary Reliance Retail Ventures, which, in turn, is the holding company for various retail businesses

Buoyed by rising sales of its retail arm, Reliance Industries (RIL) is considering listing Reliance Retail on the domestic stock exchanges by mid-2019 to unlock value. The blockbuster listing of Avenues Supermarts, a much smaller company which runs D-Mart brand of superstores, has prompted Mukesh Ambani-owned company to fast forward its plans and is in talks with investment bankers, say sources.
 
In October, Reliance Retail was valued by global brokerage firm Jefferies at Rs 1.4 trillion on discounted cash flow model but peer-based valuations could imply Rs 2 trillion. Avenues Supermarts market value was Rs 882 billion