Reliance Retail Limited has completed the divestment of its 100% equity stake in Reliance Projects & Property Management Services Limited (RPPMSL) to Jaipur Enclave Private Limited. The transaction, valued at Rs. 274 crore, marks a strategic exit for the company. RPPMSL ceases to be a subsidiary following this sale, which the company confirmed as an arms-length transaction not involving any related parties.
Transaction Overview
Reliance Retail Limited (RRL), a key subsidiary of Reliance Industries, has successfully divested its entire 100% equity stake in Reliance Projects & Property Management Services Limited (RPPMSL). The stake was sold to Jaipur Enclave Private Limited for a total cash consideration of Rs. 274 crore. With the completion of this deal, RPPMSL is no longer a subsidiary of the company.
Financial Context
As part of the disclosure, the company outlined the historical contribution of RPPMSL to the consolidated financial performance. For the financial year ended March 31, 2025, the entity contributed Rs. 6,412.60 crore to the company’s consolidated turnover and represented Rs. 342.45 crore of the total net worth. These figures correspond to 0.06% and 0.04% of the consolidated metrics, respectively.
Strategic Independence
The company has confirmed that the buyer, Jaipur Enclave Private Limited, is an independent entity and does not maintain any affiliations with the promoter, promoter group, or other group companies of Reliance Industries. Furthermore, the transaction has been classified as non-related party in nature, ensuring full regulatory compliance during the divestment process.
Source: BSE
