Reliance Industries has announced a significant corporate restructuring involving one of its step-down subsidiaries, marking a notable change in its retail portfolio structure. The development involves Abraham Thakore Private Limited (AT), a fashion-focused entity that was previously under the Reliance group's control.

Subsidiary Control Transfer Details

On December 19, 2025, Abraham Thakore Private Limited underwent a major ownership change that resulted in the company ceasing to be a subsidiary of Reliance Industries. The restructuring involved the issuance of equity rights to the company's founder shareholders, who are fashion designers.

Corporate Structure Impact

Abraham Thakore Private Limited was previously structured as a subsidiary of Reliance Retail Ventures Limited (RRVL), making it a step-down subsidiary of Reliance Industries. The equity rights issuance has fundamentally altered this relationship, with the founder shareholders now holding majority control through their 50.91% voting rights stake.

The transaction represents a strategic shift in the company's ownership structure, moving control from the Reliance group to the original fashion designer founders. This change effectively removes AT from Reliance Industries' subsidiary network.

Regulatory Compliance and Disclosure

Reliance Industries made the disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received intimation about the control transfer from RRVL at 06:17 p.m. IST on December 19, 2025.

The disclosure was communicated to both major Indian stock exchanges where Reliance Industries shares are listed, as well as international exchanges including the Luxembourg Stock Exchange and Singapore Exchange Limited, reflecting the company's global listing presence.

Business Implications

The control transfer of Abraham Thakore Private Limited marks a notable development in Reliance Industries' retail ecosystem. As a fashion-focused entity under founder control, AT will now operate independently of the Reliance group's direct oversight.

This restructuring demonstrates the dynamic nature of corporate ownership structures within large conglomerates and highlights the regulatory transparency requirements for such significant control transfers in publicly listed companies.

Reliance Industries executed a major block trade on the National Stock Exchange (NSE), involving a substantial volume of shares worth ₹25.83 crore. The transaction represents significant institutional trading activity for one of India's largest conglomerates.

Block Trade Details

The block trade involved 164,286 shares of Reliance Industries, executed at a price of ₹1,572.20 per share. This pricing mechanism reflects institutional-level trading activity outside the regular market hours.

Market Significance

Block trades typically involve large institutional investors, mutual funds, or other significant market participants looking to execute substantial transactions without impacting regular market trading. These transactions are conducted through special trading sessions designed to facilitate large-volume trades.

The execution of this block trade indicates continued institutional interest in Reliance Industries shares, with the transaction size reflecting the scale of institutional participation in the company's stock.