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Reliance Industries increases related-party disclosures in FY22 report

Transaction details between RIL and its telecom, retail subsidiaries a positive: Analysts

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In its annual report, RIL had disclosed that it made investments to the tune of nearly Rs 30,000 crore in FY22 in its retail vertical

Viveat Susan Pinto Mumbai
Mukesh Ambani-led Reliance Industries (RIL) has increased related-party disclosures, its annual report for the financial year FY22 shows.

In particular, increased details pertaining to transactions between RIL and its telecom and retail subsidiaries are positive, analysts tracking the company said.

“While it is too early to say if the increased disclosures between RIL and its subsidiaries, such as Jio and retail, are a step towards listing these businesses, it would be seen as a positive,” brokerage JP Morgan said in a report released on Tuesday.

For instance, RIL disclosed in its latest annual report that Reliance Retail — in which