Reliance Retail Ventures (RRVL) is set to inject an additional Rs 300 crore into its subsidiary, Reliance Consumer Products (RCPL), within the fast-moving consumer goods (FMCG) sector. This infusion will be facilitated through optionally fully convertible debentures (OFCD), supplementing the Rs 277 crore already invested.
Throughout the fiscal year, RRVL plans to continue augmenting RCPL’s funding, as part of its ambitious strategy to expand its FMCG presence. The company aims to enter or consolidate its position in every conceivable category within the FMCG sector, leveraging multiple brands and strategic partnerships to achieve this growth.
RCPL commenced operations on November 30, 2022, and recently formed a significant joint venture with Gujarat-based Sosyo Hajoori Beverages, further solidifying its footprint in the beverage segment.
