Board Approval
The Board of Directors of Renaissance Global Limited approved the internal corporate restructuring of the RGL Group of Companies at its meeting held on August 07, 2026.
Details of Corporate Restructuring
The restructuring involves a cross-border holding structure within the RGL Group through three specific transactions:
1. Transfer of 19% stake in Renaissance FMI Inc (USA) from Renaissance Global Limited (RGL) to Renaissance Global Brands Inc (RGBI) (USA) through a Share Swap Agreement.
2. Additional investment by Renaissance Global Limited (RGL) in Renaissance Retail Limited (RRL) (India) through Share Purchase Agreement and/or Share Swap Agreement.
3. Transfer of 100% stake in Renaissance Global Brands Inc (RGBI) (USA) from Renaissance Global Limited (RGL) to Renaissance Retail Limited (RRL) (India) through Share Purchase Agreement and/or Share Swap Agreement.
Quantitative and Qualitative Effect
Upon completion of these transactions:
- Renaissance FMI Inc (USA) will become wholly owned subsidiary of Renaissance Global Brands Inc (USA)
- Renaissance Global Brands Inc (USA) will become wholly owned subsidiary of Renaissance Retail Limited (India)
Benefits to Promoter/Promoter Group/Group Companies
The disclosure explicitly states: "Nil" benefits to promoter/promoter group/group companies from this proposed restructuring.
Change in Shareholding Pattern
The restructuring will result in the following changes:
- Renaissance FMI Inc's (USA) 100% stock will be held by Renaissance Global Brands Inc (USA)
- Renaissance Global Brands Inc's (USA) 100% stock will be held by Renaissance Retail Limited (India)
Compliance Officer
The disclosure was signed by Vishal Ashokrao Dhokar, Company Secretary & Compliance Officer of Renaissance Global Limited, on August 07, 2026 at 19:11:10 IST.