Reliance Industries plans to float Rs 20,000-cr InvIT to monetise retail warehousing assets

MUMBAI: Reliance Industries Ltd (RIL) is planning to implement a process under which the group can monetise the backend warehousing and logistics assets of its retail business by setting up an infrastructure investment trust (InvIT). According to a report in The EconomicTimes,RelianceRetailLtd, a step-down subsidiary of RIL, has already set up the base for the proposed InvIT of its warehousing assets. Reliance Retail, which is the largest retailer by revenue, scale and profit, has registered a trust, Intelligent Supply Chain InfrastructureTrust,forthesame.

According to the report, the company, led by billionaire Mukesh Ambani, is planning to float the new unit either as a privately placed or listed InvIT and has started working on its financials and legal aspect. UnderSebinorms,itwillneedatleast fiveshareholders.

Besides the trust, RIL has also set up Intelligent Supply Chain Infrastructure Pvt Ltd, which will be looking into the management of the assetsthatwillbeunderthenewInvIT.