Reliance Retail IPO: Mukesh Ambani has announced that Reliance Jio, the telecom sector unit of Reliance Industries, will launch its IPO next year. Also, he is preparing to list Reliance Retail separately in the stock market.
According to a report given to Thehindubusinessline.com, Reliance has started recruiting its retail business. The AGM demonstrated fast-moving consumer goods (FMCG) business and Reliance Consumer Products, which will now become the subsidiary company of Reliance Industries. Apart from this, the company is also shutting down less performance retail stores to increase its profits. Its purpose is to strengthen the financial performance of Reliance Retail so that its valuation can increase in case of listing.
Listing is expected by 2027
Although it is currently in the initial stage, the retail unit is likely to be public in 2027, a year after the listing of Reliance Jio. This IPO will also provide opportunities to prominent investors like Singapore, GIC, Abu Dhabi Investment Authority, Qatar Investment Authority, KKR, TPG, Silver Lake and others. It is being told that its valuation can be up to $ 200 billion in case of listing. With this, it will be the biggest listing in the country’s corporate history.
How was the company’s performance?
After separating the Reliance Consumer, Reliance will continue to operate formats like Reliance Retail, Reliance Smart, Freshetic, Reliance Digital, Geomart, Reliance Trends, 7-Ilevan, Reliance Jewels. After receiving all regulatory approvals, the demorger of Reliance Consumer is expected to be completed by the end of this month. In FY 2025, Reliance Retail managed to achieve an operational revenue of US $ 2.9 billion on US $ 38.7 billion revenue. The company’s EBITDA margin was 8.6 percent and improved a little to 8.7 percent in the June quarter.
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