Reliance Industries to take centre stage as chief Mukesh Ambani will present 44th AGM tomorrow

RIL is holding its 44th Annual General Meeting (Post-IPO) on Thursday, 24th June 2021 through Video Conferencing.

Jun 23, 2021 04:06 IST India Infoline News Service

RIL, Reliance Industries
Reliance Industries (RIL) stock has been on a roller coaster ride this week ahead of its 44th annual general meeting (AGM). The company will take centre stage on stock exchanges as investors await key announcements from RIL chairman and MD, Mukesh Ambani tomorrow.

On Wednesday, RIL stock finished at Rs2205.10 per piece down by Rs20.90 or 0.9% on Sensex.

RIL is holding its 44th Annual General Meeting (Post-IPO) on Thursday, 24th June 2021 through Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”) from 2:00 PM onwards.

All eyes are set on RIL's chairman speech.

Among many key expectations, experts believe that RIL may announce key developments in its telecom, retail and O2C business.

RIL is expected to release the launch date of 5G phones tomorrow. It is expected to be launched in association with Google, Facebook and Jiobook. Also, the chairman's plan for 5G services will be keenly watched.

Furthermore, some clarity is expected on the long impending deal with Saudi Aramco where RIL is seen to sell a 20% stake of its O2C business.

Additionally, bonus issue and dividend announcement is also expected. 

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