RRVL goes on a shopping spree; aims to strengthen its FMCG play

The company is also in initial stage talks with SG Corporates for Bindu Beverages as it looks to strengthen its FMCG play

Reliance Retail Ventures has stepped out to shop as it looks to enter the country’s fast-moving consumer goods (FMCG) space. It is currently in advanced discussions with multiple FMCG brands, which include Sosyo Hajoori — an aerated drinks manufacturer and marketer in North and West India.

It is also in talks with another aerated drinks major Kalimark, which sells beverages under the brand name Bovonto as well as Green Fizz Beverages, an aerated drinks firm based in East India, according to a source.

Reliance Retail Ventures is also exploring possibilities of a joint venture with all these three companies. It