Reliance annual general meeting 2020: Live stream details and what to expect
Reliance Industries Limited (RIL) will be hosting its 43rd annual general meeting (AGM) today at 2PM IST. It will be for the first time that the annual event will be held virtually. That's because of the pandemic. At the AGM we are expected to witness the yearly results of the company and how it performed. There may also be some announcements on new products and platforms.
Last year, at the company's 42nd AGM, RIL's chairman and managing director Mukesh Ambani had set a roadmap for the company to attain a debt-free status by March 2021. This year, he is expected to elaborate on how the company managed to attain that status and raise more in a short span of twelve weeks by selling just 25% shares of the company's digital wing, Jio Platforms.
In addition to that, we also expect the company leaders to share details about the deal with Aramco that is expected to raise a whopping $75 million for a 20% stake in the company's Oil-to-Chemical (O2C) division.
Apart from that, we also expect the company to share a detailed plan about Reliance Retail, a division that benefited greatly from Jio's deal with Facebook, a deal that also ensured an increased participation between JioMart and WhatsApp for Business.
Traditionally, RIL also uses its AGM to announce its future plans. For instance, last year the company focussed on its Jio Fiber service. In 2018, it launched the Jio Hungama offer while in 2017 JioPhone was launched. RIL is expected to make a similar announcement today, details of which remain undercover at the moment.
How to watch the livestream
As mentioned before, this is the first time that Reliance will host its AGM virtually. The event will begin at 2PM today and it will be broadcasted via multiple channels allowing shareholders and people at large to tune in to know details about the announcement made at the event.
The event be be broadcasted via the company's Flame of Truth and Jio channels on YouTube. In addition to that it will also be streamed via the company's Flame of Truth and Jio Facebook handles and Twitter handles. Additionally, individuals will also be able to access the link to the live-stream via the company's JioMeet link. Lastly, people can get updates regarding the event using a WhatsApp chatbot that can be accessed by sending a ‘Hi' on the number +91-79771-11111.