Mukesh Ambani to address shareholders at 46th Reliance’s AGM, here is what to expect

Reliance Industries 46th annual general meeting (AGM): Billionaire Mukesh Ambani will address shareholders on occasion of 46th annual general meeting in Mumbai. Market participants will closely watch out for future investment plans of the country's most valuable company.

Ambani in past has used the event to launch big announcements for the oil-to-telecom conglomerate. Last year, Ambani at the 45th AGM, announced plans to set up four gigafactories for photovoltaic panels, energy storage, Green Hydrogen, and fuel cell systems. Ambani had said that the company would invest Rs 75,000 crore towards establishing a fully integrated New Energy manufacturing ecosystem in Jamnagar.

After the demerger of Jio Financial Services from Reliance Industries, market participants expect Ambani to announce timelines for demerging Reliance Jio Platforms and Retail Retail Ventures as a measure to unlock value for shareholders. Apart from these expectations, shareholders will also watch to know how the company plans to roll out 5G in various parts of the country.

"Reliance AGM always comes with lots of expectations to get a view of the future business trends. This time also it is expected that some insights on the retail business IPO, Reliance Jio IPO, launch of 5G devices and succession plans may be announced in the meet. In addition to this, some information on Jio Financial Services is also on the findings of the markets," said market expert Ravi Singh.

Reports suggest that during the Reliance AGM, there might be announcements about updates regarding the IPO timelines for its telecom and retail businesses, the progress of 5G rollout, a comprehensive roadmap for Jio AirFiber, and investments in clean energy, said Pravesh Gour, senior technical analyst at Swastika Investmart.

Reliance Industries shares were trading 0.03 per cent lower at Rs 2,469, underperforming the Sensex which was up 0.23 per cent.