- By Aditya Pratap Singh
- Thu, 29 Aug 2024 12:19 PM (IST)
- Source:JND
Reliance AGM 2024: Reliance Industries Limited will hold its 47th Annual General Meeting on Thursday, August 29th at 2 p.m. Investors, shareholders, and analysts are expecting the AGM to make some significant announcements. The AGM will begin with a speech by RIL Chairman Mukesh Ambani followed by a presentation and speeches by other board members. The event will be live-streamed on multiple platforms today. Analysts will be on the lookout for important announcements on the potential listings of RIL's digital and retail divisions.
Market analysts and investors are anticipating some definitive announcements at Reliance's annual general meeting (AGM).
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Reliance AGM 2024 Expectations
Reliance Jio and Reliance Retail IPO: Investors are eager to know the update about the initial public offering (IPO) of Reliance Jio and Reliance Retail, which was announced five years ago during the AGM.
Leadership transition- Mukesh Ambani's succession plan for his children— Akash, Isha, and Anant Ambani can be discussed and announced in this year's AGM.
Investors would like to know details on how this leadership change will affect the company's future.
Sale of shares in Oil-to-Chemicals (O2C) Business- Investors expect RIL to give a jist on strategy for stake sale in its Oil-to-Chemicals (O2C) division. Mukesh Ambani is expected to share details about a possible tender or buyer for the sale of the stake during the AGM.
update on solar manufacturing- RIL's focus on new energy, specifically its solar cell and module manufacturing project, is a matter of considerable interest. Shareholders would like updates on the progress and future investments in this area.
5G rollout and monetization: Following Reliance Jio's recent tariff rise, there has been conjecture about the monetization of its 5G services. Investors will be interested in learning about the progress of the 5G rollout, including plans for growth and acceleration in the following years.