Mumbai, Dec. 20 -- The Mukesh Ambani-led Reliance has increased the authorised share capital in Reliance Consumer Products Ltd (RCPL) to Rs 10,000 crore, according to a regulatory filing by the fast moving consumer goods (FMCG) company to the Registrar of Companies (RoC).
The increase in share capital of RCPL was executed through a mix of six billion equity shares of Rs 10 each, and four billion preference shares of Rs 10 each, as per the filing.
Significantly, the came after a recent restructuring of RCPL's FMCG business, making it a direct subsidiary of Reliance Industries Ltd (RIL), with effect from December 1. Earlier, RCPL used to be a direct unit of RIL's retail business holding company called Reliance Retail Ventures (RRVL).
The e...