Retail and Jio IPOs, renewable energy and Jio Financial initiatives, and more are anticipated during RIL’s 46th AGM.
Investors are anticipating a number of significant announcements, and the 46th annual general meeting (AGM) of index heavyweight Reliance Industries is anticipated to set the tone for the markets in the upcoming week.
The Jio Financial Services listing and the Qatar Investment Authority’s purchase of a stake in Reliance Retail Ventures Limited (RRVL) both occurred just a few days before the AGM on August 28.
The oil-to-chemicals (O2C) segment continues to make up the largest portion of the conglomerate’s revenue, but as has been the case over the previous few years, RIL’S AGM has become more about its newest businesses that are growing quickly.
The business announced the rollout of Jio 5G across India by December 2023 in its 2022. It announced the addition of Google as a minority investor the year prior and that it would enter the green energy market in 2021.