Mukesh Ambani–led Reliance Industries Ltd (RIL) has overhauled its consumer brands business by dissolving Reliance Consumer Products Ltd (RCPL) and establishing a new entity, New RCPL, as part of a broader restructuring exercise. The company notified the stock exchanges that its composite scheme of arrangement involving multiple group entities has become effective from December 1. Under the new shareholding structure, New RCPL will emerge as an 83.56% direct subsidiary of Reliance Industries.

As part of the reorganisation, the consumer brands business has been demerged from Reliance Retail Ventures Ltd (RRVL) and transferred to New RCPL. In consideration of this transfer, New RCPL will issue one fully paid-up equity share of ₹10 each for every two fully paid-up equity shares of ₹10 each held by RRVL shareholders. Following this allotment, the entire pre-scheme paid-up share capital of New RCPL—previously held by RRVL—will be cancelled and extinguished without any consideration. This effectively ends New RCPL’s earlier status as a wholly owned subsidiary of RRVL, placing it directly under Reliance Industries as part of the conglomerate’s streamlined consumer business structure.