Mukesh Ambani-owned Reliance Industries Limited(RIL) will be conducting its 46th Annual General Meeting(AGM) today on the 28th of August 2023, at 2 PM IST, through video conferencing. This will be the company’s first annual general meeting after listing the shares of Jio Financial Services(JFSL) on stock exchanges and also after the recent 8,278 crore investment in Reliance Retail Ventures by the Qatar Investment Authority.
Here’s more about the event and some of the expectations.
Reliance Industries Limited 46th Annual General Meeting
RIL’s AGM is considered to be one of the biggest meetings in the country where the country’s largest business conglomerate announces many of its future plans and visions. Investors and the corporate world as such look forward to this program, hoping to hear and be a witness to some key announcements.
As per reports, some of the expected announcements include – the IPO(Initial Public Offering) of Reliance Jio and Future Retail, Jio Financial Services expansion plans, announcements regarding the launch of Jio AirFiber and Jiobook Laptop, updates on RIL’s roll-out of 5G network services and prepaid plans, more updates concerning its plans on integrated renewable energy power projects, steps RIL is planning to take for sustainability and clean energy usages with respect to the previous announcement made regarding the need to address climate change and other such matters.
AGM might also see shareholders discussing and approving RIL’s March 2023 financial report and also their proposal to appoint Mukesh Ambani again as the managing director of RIL, which will take his tenure after the age of 70.
For those of you who wish to watch RIL’s AGM, they may do so live on Jio’s official website and also via social media platforms including Facebook, Instagram, Twitter/X, and also on video platforms like YouTube and JioTV.
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