Reliance AGM 2023 LIVE Updates: Isha Ambani, Akash Ambani and Anant Ambani to join Reliance Board

Reliance AGM 2023 LIVE News Updates: Isha Ambani, Akash Ambani, Anant Ambani are set to be appointed non-executive directors of the oil-to-retail conglomerate, said Mukesh Ambani at Reliance AGM

FP Staff|Aug 28, 2023, 15:53:08 IST

Reliance Industries Limited, led by Mukesh Ambani, will conduct its 46th annual general meeting on August 28, 2023. Investors are expecting substantial surprises during this year's AGM, as they have in prior years. Notably, this event is significant since it is RIL's first AGM following the listing of Jio Financial Services (JFSL) shares on several stock markets.The Ambani conglomerate has frequently delivered big breakthrough pronouncements during the AGM in recent years. As a result, this event has taken on new significance on Dalal Street.The Qatar Investment Authority is scheduled to purchase a 1% interest in the conglomerate's retail section, according to the company. The largest retail corporation in the country will be valued at $100 billion as a result of this acquisition.The value of Ambani's retail business has more than tripled in three years, fueling talk of a future initial public offering (IPO) for Reliance Retail. Ambani previously stated ambitions to list the conglomerate's telecoms and retail operations during RIL's AGM in 2019.Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd that publishes Firstpost.

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