Reliance Retail Subsidiary Abraham & Thakore No Longer a Subsidiary
Reliance Industries Limited announced that its step-down subsidiary, Abraham & Thakore Private Limited (A&T), which is a subsidiary of Reliance Retail Ventures Limited (RRVL), has issued equity rights...
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Why is Reliance Industries Limited in the news today?
Reliance Industries Limited (RELIANCE) is in the news due to the announcement concerns a change in subsidiary status due to equity rights issuance, which is a restructuring event. it does not immediately indicate a positive or negative financial impact on the parent company, hence neutral sentiment.
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Reliance Retail Subsidiary Abraham & Thakore No Longer a Subsidiary
December 19, 2025, 06:07 PM
Reliance Industries Limited announced that its step-down subsidiary, Abraham & Thakore Private Limited (A&T), which is a subsidiary of Reliance Retail Ventures Limited (RRVL), has issued equity rights to its founder shareholders on December 19, 2025. This issuance resulted in the founder shareholders holding 50.91% of the voting rights in A&T.
Consequently, the control of A&T has been transferred to the founder shareholders, and A&T has ceased to be a subsidiary of Reliance Industries Limited. The company received this intimation from RRVL on December 19, 2025, at 06:17 p.m. (IST).
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