Reliance Industries invested Rs 14,839 crore in debt and Rs 4,330 crore in equity in Reliance Retail last fiscal year.
Reliance Industries invested Rs 14,839 crore in debt and Rs 4,330 crore in equity in Reliance Retail last fiscal year, the largest parental funding in a decade. Funds support retail business expansion into small towns and new store formats, with overall debt rising to Rs 81,060 crore in FY24. Company also accelerated bank loan repayment, indicating potential IPO preparations, though no plans have been announced.
August 12, 2024
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