Reliance Retail Sells Entire Stake in RPPMSL for ₹274 Crore
Reliance Retail has sold its 100% stake in Reliance Projects & Property Management Services Limited (RPPMSL) for ₹274 crore. RPPMSL is no longer a subsidiary. The transaction's contribution to FY25 consolidated turnover and net worth was 0.06% and 0.04% respectively.
The divested entity's contribution to the consolidated turnover and net worth is very small (0.06% and 0.04% respectively), indicating a minimal impact on Reliance Industries Limited's overall financial performance.
The sale of a subsidiary for a stated consideration is a routine corporate action and does not inherently indicate a positive or negative shift in the company's overall performance or outlook. The financial impact is minimal.
Reliance Retail Limited (RRL), a subsidiary of Reliance Industries Limited, has sold its entire 100% equity stake in Reliance Projects & Property Management Services Limited (RPPMSL) to Jaipur Enclave Private Limited. The aggregate consideration for this transaction is ₹274 crore. As a result of this sale, RPPMSL is no longer a subsidiary of Reliance Industries Limited.
The buyer, Jaipur Enclave Private Limited, is not associated with the promoter, promoter group, or group companies of Reliance Industries Limited. For the financial year ended March 31, 2025, RPPMSL contributed ₹6,412.60 crore to the consolidated turnover and had a net worth of ₹342.45 crore, which represented 0.06% and 0.04% of the company's consolidated figures, respectively. This transaction is not considered a related party transaction.
Reliance Industries Limited received this intimation from RRL on April 13, 2026, at 7:03 p.m. IST.
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Reliance Industries Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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