Reliance Industries readies $2.4-3 billion InvIT for retail warehousing assets

Reliance Industries Limited (RIL) has initiated a process that could lead to the Group unlocking value in its retail business’ backend warehousing and associated logistics assets via an infrastructure investment trust (InvIT). It has already started laying the groundwork for the proposed InvIT, having registered a trust, Intelligent Supply Chain Infrastructure Trust, with the Se­curities and Exchange Board of India (SEBI). Reliance has established Intelligent Supply Chain Infrastructure Private Limited, which is anticipated to manage the assets that will be housed under the InvIT.