Reliance Industries (RIL) has started the process to set up an infrastructure investment trust (InvIT), under which the group can monetise the backend warehousing and logistics assets of its retail business.
Reliance Retail, the company which operates the retail business of Reliance Industries, has already registered a trust with the market regulator Securities and Exchange Board of India (Sebi) in February this year. The trust will store the warehouse assets that the group intends to monetise.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
