Cessation of Abraham & Thakore Private Limited as subsidiary of the Company
RELIANCE · price
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Awaiting price reaction for this filing.
Reliance Industries has informed the exchanges that Abraham & Thakore Private Limited has ceased to be a subsidiary of the company. This typically happens when the holding falls below 50% or the stake is sold off entirely. Abraham & Thakore is a designer fashion brand in which RIL's retail arm had taken an equity stake. No deal value or counterparty has been disclosed in this filing. The development is part of routine portfolio reshuffling within RIL's broader retail and fashion investments. Shareholders are advised to check for any separate disclosures with full transaction details.
Likely negligible impact on RIL's stock price as this is a small, non-core brand-level subsidiary and RIL has many such portfolio companies. Investors should watch for any follow-up filing with deal terms or any impact on consolidated financials.