Mukesh Ambani's Reliance Industries to spin off FMCG brands into new arm ahead of mega IPO plans

Reliance Industries is restructuring to consolidate its FMCG brands, including Campa and Independence, into a new entity, New Reliance Consumer Products Ltd, a direct RIL subsidiary. This strategic move aims to attract specialized investors and provide focused attention to the rapidly growing consumer brands business, valued at ₹11,500 crore in FY25.