Mumbai: Reliance Industries Ltd. today in its 46th annual general meeting on 28 August 2023, just like in the previous AGMs, investors are anticipating significant revelations during this yearly event. This occasion holds added significance as it marks RIL's inaugural AGM subsequent to the listing of Jio Financial Services (JFSL) shares on various stock exchanges.
RIL chairman and managing director Mukesh Ambani, made a series of announcements including the company’s plans to roll out 5G services by December 2023, high-profile partnerships with Meta and Google, and the AirFiber service.
Ambani has announced that Jio AirFiber will be launched on Ganesh Chaturthi. Also Akash Ambani has introduced Jio Smart Home services. Over the past few years, major groundbreaking declarations from the Ambani conglomerate have consistently been unveiled during the RIL AGM. Consequently, this occasion has assumed a pivotal role on Dalal Street.
Mukesh Ambani said, “Jio Platforms is already providing end-to-end professional and managed services for all businesses of RIL group, including Telecom, Retail, Media, and Fin Services. It is ideally placed to offer these services outside the RIL group.”
He continued, “For the first time, IPL was streamed free on JioCinema. It created a global record with a staggering 45 cr viewers tuning in. More people watched IPL on digital devices than on linear television, marking a tectonic shift.”
It is widely anticipated that Mukesh Ambani will present a strategic plan for the financial services sector, building upon the recent $300 million collaborative agreement with BlackRock, the world's largest asset management firm. This partnership is geared towards establishing a digital-centric approach, with the goal of making investment solutions accessible to a broader range of Indian investors.
During the announcement of the financial results for the June quarter, Reliance Jio expressed its commitment to achieving a nationwide 5G rollout across India by the end of this year, as reiterated during the Annual General Meeting (AGM). Moreover, shareholders are keen to gain insights into the company's investment strategies for the present year and the specific areas of concentration for its expansion endeavors.
Reliance AGM 2023- Key things to look for:
Plans for Jio Financial
Reliance Retail IPO
Reliance Jio IPO
Renewable energy plans
Reliance Jio Infocomm IPO