Reliance Retail Ltd asked shareholders to increase its borrowing limit from 50000 crores to 1 lakh crores.

Reliance retail is going to use that money for future growth and expansions

According to data and records of march 2022, total borrowing was around 40000 crores

The increase in the borrowing limit will give it the headway to raise upto Rs 60,000 crore as debt.

n an annual general meeting on September 30 reliance retail will get holders' approvals to get further things done 

Reliance retail is thinking of opening around 2000 brick-and-mortar stores annually and capturing small markets.

Reliance retail is also focusing on expanding its store presence and recently 30,000 crore for expansion.


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