Reliance Retail Ventures Limited (RRVL) has announced a composite scheme of arrangement. Effective December 01, 2025, Reliance Consumer Products Limited (RCPL) will be renamed New RCPL. As part of the scheme, New RCPL will allot 1 fully paid-up equity share of Rs. 10 for every 2 fully paid-up equity shares of RRVL to RRVL shareholders. New RCPL will become 83.56% direct subsidiary of the Company.
Scheme of Arrangement Details
A composite scheme of arrangement involving Reliance Retail Limited (“RRL”), Reliance Retail Ventures Limited (“RRVL”), Reliance Consumer Products Limited (“RCPL”), and Tira Beauty Limited has been announced. The scheme is effective as of December 01, 2025.
Key Changes and Restructuring
As part of this arrangement, RCPL will be renamed New RCPL. This change is part of a broader restructuring effort to streamline and optimize the consumer-facing businesses.
Share Allotment by New RCPL
In consideration for the demerger of the Consumer Brands Business Undertaking from RRVL to New RCPL, New RCPL will allot 1 fully paid-up equity share of Rs. 10 (Rupees ten only) for every 2 (two) fully paid-up equity shares of Rs. 10 (Rupees ten only) each of RRVL to the shareholders of RRVL.
Impact on Share Capital
Upon allotment of equity shares, the entire pre-scheme paid-up share capital of New RCPL held by RRVL will be cancelled and reduced. Following this, New RCPL will become an 83.56% direct subsidiary of the Company.
Source: BSE