Mukesh Ambani, chairman of Reliance Industries Limited (RIL) will address the company’s annual shareholders meeting on Wednesday. Reliance’s AGM is being watched by industry across the country. According to analysts, on Wednesday, Ambani may disclose the company’s future business plans. Under this, he can mention how Reliance can use the partnership with a giant tech company like Facebook in the coming times. At the company’s first online AGM, the 63-year-old Ambani can say something about his dream of decarbonization of energy molecules.
Analysts say that RIL’s 43rd AGM will primarily provide insight into what the company’s strategic direction will be after Covid-19. Apart from this, information related to the monetization of assets can also be shared.
At the AGM held on August 12 last year, Ambani announced his plans to sell a stake in RIL’s technology venture and oil to chemical business by March 2021 to become debt-free.
Reliance Industries has raised Rs 1.18 lakh crore through the sale of a 25.24 percent stake in Jio Platforms. At the same time, the company has also acquired Rs 53,124 crore through the country’s largest rights issue. Through this, the company has already become debt-free.
For the past three years, RIL Chairman Mukesh Ambani has been focused on the strategic direction of various businesses, monetization of assets, and delivering.
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