Reliance's ₹274 cr subsidiary sale funded via OFCD raises related‑party red flags
Reliance Retail sold its third‑tier unit RPPMSL to Jaipur Enclave for ₹274 cr, then a wholly‑owned Reliance subsidiary lent the buyer an almost equal amount through optionally fully convertible debentures. The chain of intra‑group loans blurs the line between a genuine arm’s‑length deal and a related‑party transaction, prompting governance concerns.