HMVL has invested Rs. 32.5 Cr to acquire a ~3.8% stake in RD Retail India Pvt Ltd by converting warrants into 3,927 equity shares.

This strategic cash investment targets the fast-growing FMCG B2B marketplace, where RD Retail serves retailers across Delhi NCR.

HMVL aims for future capital returns and plans to leverage its media assets, indicating a move to diversify and tap into the robust retail distribution sector.

This expands HMVL's investment portfolio into a promising market.