Reliance Retail gets Rs 14,839 cr debt from parent for strategic growth

Quick Summary:

However, Reliance has not yet officially announced any plans for an IPO in its retail division.

This move supports the conglomerate’s flagship retail business as it expands its footprint into smaller towns and experiments with new store formats.

In its FY24 earnings report, the company stated that it invested in enhancing its supply chain infrastructure and omni-channel capabilities during the year.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Reliance retail Reliance retail ventures Reliance industries Reliance Reliance retail in FY24 FY24

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 11:43:21 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 374 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22058758

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