M&A

Reliance Retail divests property mgmt arm to Jaipur Enclave for Rs.274-Cr

BSE Announcement   Business World  

Mumbai-headquartered Reliance Retail, a step-down subsidiary of Reliance Industries, has divested 100% equity stake in Reliance Projects & Property Management Services Ltd (RPPMSL) to Jaipur Enclave for INR 274 crore.RPPMSL, established in 2019, reported a profit of INR 379 crore on revenues of INR 9,323 crore for the fiscal year ending March 2025.

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