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Mukesh Ambani's Reliance Industries to spin off FMCG brands into new arm ahead of mega IPO plans

The products are currently with Reliance Retail Ventures Ltd (RRVL), Reliance Retail Ltd (RRL) and Reliance Consumer Products Ltd (RCPL). The unit that's going to house the FMCG brands is to be called New Reliance Consumer Products Ltd (New RCPL) and will be a direct subsidiary of RIL, much like Jio Platforms Ltd.
JIO IS ALL SET TO LAUNCH 3 NEW MUTUAL FUNDS IN INDIA POWERED BY BLACKROCK'S ALADDIN SYSTEM.

đŸ”ļī¸ 1st NFO
📈Jio blackrock Liquid Fund
âœ…ī¸Subsciption: 30 June-2 July
đŸŽ¯Allotment: 4 July
📊NAV: Rs 1000
💸Min Inv. Rs 500


đŸ”ļī¸2nd NFO
📈JioBlackrock Money Market
âœ…ī¸Subsciption: 30 June-2 July
đŸŽ¯Allotment: 4 July
💸Min Inv. Rs 500


đŸ”ļī¸3rd NFO
📈JioBlackrock Overnight Fund
âœ…ī¸Subsciption: 30 June-2 July
đŸŽ¯Allotment: 4 July
💸Min Inv. Rs 500