Reliance Industries increases related-party disclosures in FY22 report

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 it has 85 per cent stake — was the master distributor for Reliance Jio Infocomm for its telecom services.