Reliance Retail to channel ₹13 lakh crore in Jio recharges, fibre sales over FY28-FY32
RIL is seeking AGM nod for ₹16.64 lakh crore in related-party transactions across FY2027-28 to FY2031-32. The bulk — ₹13 lakh crore — flows through Reliance Retail selling Jio recharges, JioFibre and telecom services via its store network, scaling from ₹2.2 lakh crore in FY28 to ₹2.8 lakh crore annually FY29-FY32.
What happened
RIL seeks AGM approval for ₹16.64 lakh crore intra-group transactions over FY28-FY32, with Reliance Retail to channel ₹13 lakh crore in Jio recharges, Jio Fibre
Key facts
- ₹16.64 lakh crore total
- ₹13 lakh crore Reliance Retail to Jio
- ₹2,20,000 crore FY28
- ₹2,80,000 crore/yr FY29-FY32
- ₹76,800 crore EPC
Why this matters
This five-year intra-group channel lock-in cements vertical integration between Jio and Retail, foreclosing third-party telecom distributors and signalling that any future Retail demerger or stake sale will need to price in this captive services revenue stream.