RIL AGM 2024: Reliance Industries (RIL) is getting ready for its forty seventh Annual General Meeting (AGM), which shall be held on August 29, 2024, by way of video conferencing and different audio-visual means. The firm confirmed in a market submitting, “This is to inform that the Forty-seventh Annual General Meeting (Post-IPO) of the members of Reliance Industries Limited will be held on Thursday, August 29, 2024 at 2:00 P.M.(IST) through Video Conferencing/ Other Audio Visual Means.”
During the AGM, Mukesh Ambani, the Chairman of Reliance Industries, will address the shareholders. Market observers are anticipating potential bulletins and updates on numerous facets of the corporate, together with Jio Financial Services, new power initiatives, plans for worth creation, and timelines for preliminary public choices (IPOs) associated to the telecom and retail companies.
Key focus areas for the AGM embody the potential IPOs of Reliance Jio and Reliance Retail being introduced, with Jefferies predicting a $112 billion valuation for Jio if listed subsequent yr, says an ET report.
Investors may even be eager about any doable strategic stake sale within the oil-to-chemicals (O2C) sector and updates on Reliance’s new power technique, significantly the progress of the inexperienced power venture at Jamnagar.
Furthermore, Reliance Jio’s latest tariff hikes, signaling a shift in the direction of monetizing 5G companies, shall be carefully monitored by buyers.
Mukesh Ambani’s succession plan, which designates Isha, Akash, and Anant Ambani for key enterprise areas, may even be beneath evaluation, with a concentrate on any updates concerning management transitions.
Analysts from Bernstein and Morgan Stanley have raised their goal costs for RIL, reflecting expectations of future progress pushed by the telecoms and retail sectors, in addition to consolidation within the O2C sector.
During the AGM, Mukesh Ambani, the Chairman of Reliance Industries, will address the shareholders. Market observers are anticipating potential bulletins and updates on numerous facets of the corporate, together with Jio Financial Services, new power initiatives, plans for worth creation, and timelines for preliminary public choices (IPOs) associated to the telecom and retail companies.
Key focus areas for the AGM embody the potential IPOs of Reliance Jio and Reliance Retail being introduced, with Jefferies predicting a $112 billion valuation for Jio if listed subsequent yr, says an ET report.
Investors may even be eager about any doable strategic stake sale within the oil-to-chemicals (O2C) sector and updates on Reliance’s new power technique, significantly the progress of the inexperienced power venture at Jamnagar.
Furthermore, Reliance Jio’s latest tariff hikes, signaling a shift in the direction of monetizing 5G companies, shall be carefully monitored by buyers.
Mukesh Ambani’s succession plan, which designates Isha, Akash, and Anant Ambani for key enterprise areas, may even be beneath evaluation, with a concentrate on any updates concerning management transitions.
Analysts from Bernstein and Morgan Stanley have raised their goal costs for RIL, reflecting expectations of future progress pushed by the telecoms and retail sectors, in addition to consolidation within the O2C sector.
