Reliance Retail’s cumulative debt up 73% in FY23

September 9, 2023

As much as ₹19,243 crore of the loans were non-current, long-term, borrowings, as per disclosures in RRL’s latest annual report. As of March 2022, it had a mere ₹1.74 crore in bank loans on its books. The retail business also raised ₹13,304 crore in long-term debt from holding company Reliance Retail Ventures Ltd (RRVL), taking its cumulative debt 73% higher from a year ago to ₹70,943 crore, as per the FY23 report.

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