06 September 2023, Mumbai
IN BRIEF
Reliance Retail Ventures is funneling INR 300 crore into its recently established fast-moving consumer goods (FMCG) entity, Reliance Consumer Products (RCPL), using optionally fully convertible debentures.
It marks the initial substantial capital injection by the company's founders, with the goal of nationwide FMCG expansion. In its previous fiscal report, RCPL had already infused INR 277 crore into the enterprise.
