The Reliance Industries Limited AGM for Jio meeting will be broadcast live on social media sites like YouTube and held by video conference.
Reliance AGM Live Updates in 2023:
The 46th annual general meeting (AGM) of Reliance Industries Limited (RIL) started at 2 o’clock (as planned) and is still going on. MD and Chairman Mukesh Ambani opened the gathering. Video conferencing is being used for the meeting. Additionally, it is being live-streamed on several social media sites, including YouTube.
Chairman of RIL “Mukesh Ambani” Speak during the AGM.
Isha and Akash Ambani, who are employed by the group in formal capacities, will also speak during the AGM. While the three will present RIL’s business strategy, announcements about the Future Retail and Jio IPOs (initial public offerings) and 5G tariff alternatives will be of special interest. The ceremony is scheduled to start at 2pm, so RIL chairman Mukesh Ambani will speak shortly.
The AGM is set to start at 2 pm, so those who are anticipating the event will have to wait for another 30 minutes or so.
|Mukesh Ambani outlines Jio’s future goals|
- The market for consumers, driven by Jio 5G and Jio Bharat
- The home segment, with Jio Air-Fiber as a turbocharger
- The business sector has a lot of unrealized potential.
- Globalisation of Jio Platforms
Jio Chairman Akash Ambani announced the launch of the True 5G Lab and Jio True 5G Developer Platform at the 46th AGM.
Nita Ambani is leaving the board of RIL.
The RIL Board endorses Anant Ambani, Isha, and Akash for the Board. Nita Ambani will leave the board but remain chair of the Reliance Foundation: firm announcement
Isha, Akash, and Anant will join the Reliance Industries board when Nita Ambani steps down.
According to the firm, Nita is leaving the Reliance Industries board to spend more time on the Reliance Foundation, of which she is the founding chairperson.
The number of Jio subscribers is over 450 million.
According to Mukesh Ambani during the 46th annual general meeting, RIL now has 3.9 lakh on-roll employees.
Currently, Jio 5G is available in 96% of Indian towns. Additionally, Jio has more than 450 million subscribers as of its 2016 debut. This represents a 50% increase in income and a 25GB monthly average use by customers: Muhammad Ambani
Ambani commends ISRO for “Chandrayaan-3”
This is a new, self-assured India, as our prime minister Narendra Modi noted. This India never stops, works nonstop, and doesn’t pause for air. This India is tenacious. Sincere congratulations on Chandrayaan (to ISRO): Mukesh Ambani.
Mukesh Ambani’s remarks about IPOs at the previous AGM
” I’ll discuss your recommendations with our board of directors about the IPO for Jio and Retail. The fundamentals of time and IPO valuation have not altered. I’ve described the strategies for both firms. Jio is starting an aggressive rollout of our 5G service, and the retail industry is seeing exponential growth. The RIL chairman had stated, “I will give you an update on the IPO in my address next year.
Value creation in the retail and telecom industries is being considered.
” The retail and telecoms areas of Reliance will be actively watched by the market for any indications of potential unlocking. According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, “Any announcements regarding the status of the mega green energy and battery projects also will be keenly watched” (expert’s unique view).
Initial Public Offering (IPO) for Reliance Retail Ventures Ltd.
The RIL chairman originally said in 2019 that his business empire’s retail division would want to go public in five years. Then, this week, India’s largest brick-and-mortar store received a $1 billion investment from Qatar’s sovereign wealth fund. Investors will thus keep track of any changes in a prospective listing.