Abraham & Thakore ceases to be Reliance Retail subsidiary

Reliance Industries Limited (RIL) announced on December 19, 2025, that Abraham & Thakore Private Limited (A&T), previously a step-down subsidiary, has ceased to be a subsidiary of the company. This follows A&T's issuance of equity rights to its founder shareholders (fashion designers) on the same date.

The equity rights issuance resulted in the founder shareholders now holding 50.91% of A&T's voting rights, transferring control of A&T to them. This change was communicated to RIL by Reliance Retail Ventures Limited (RRVL), A&T's direct parent, at 06:17 p.m. IST on December 19, 2025.