Reliance Annual General Meeting today, announcements surrounding Jio and Retail IPOs likely
India's largest company by value, Reliance Industries, is set to hold its 47th Annual General Meeting (AGM) today. During the meeting, Chairman Mukesh Ambani is expected to make several major announcements. Investors, particularly the company's 3.37 million retail investors, are eagerly awaiting news regarding the initial public offerings (IPOs) of Reliance Jio and Reliance Retail.
Ambani may provide clarity on the timeline for these IPOs, which has been a point of anticipation since he hinted at their potential listing within five years during the 2019 AGM.
The AGM, starting at 2 PM today, will also address other significant topics. Apart from the IPO announcements, investors are keen to hear about potential strategic sales in Reliance's oil-to-chemicals (O2C) business and updates on new energy projects. Another key focus will be on advancements in Reliance Jio's 5G services, with expectations for details on the expansion of their 5G network. Additionally, with major tech companies globally investing in artificial intelligence (AI), Reliance may also reveal its plans and investments in this area.
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