RIL 43rd Annual General Meeting: Jio partnerships, product announcements and everything else expected
Reliance Industries Limited (RIL) yesterday announced that it will be holding its 43rd Annual General Meeting (AGM) on July 15. This announcement comes days after the company's spree on getting 13 partners on board for investing a total of ₹118,318.45 crore over the course of weeks. The event will be hosted virtually this year and is expected to gather 2.6 million shareholders to hear about the company's future plans. But what exactly is expected from RIL's 43rd AGM?
At the AGM, the company could talk more about its recent investment spree and how was this made possible. It may also talk about the company's debt and how it will be fulfilling its promise to clear all of it by 2021. In addition to this, RIL is also expected to give some details on its Aramco deal that would've let RIL raise almost $75 billion more.
One may also expect the firm to talk about the strategy to further expand its Reliance Retail brand that has over 11K stores in over 1,800 cities across the country. We may hear about some details about JioMart, which got a fresh boost after Facebook acquired a 9.99% stake in Jio Platforms, a deal which also included increased participation between WhatsApp and JioMart.
However, if you look at the past announcements made by RIL during its AGM, the company usually introduces a products and services. So this year too it may launch a new service that will be coming to all in the near future. In 2017, the company launched JioPhone. In 2018, the company announced its Jio Hungama offer and in 2019, the company announced a major investment in creating digital infrastructure across the country. Reliance Industries is expected to continue with this trend.