2 lakh people joined the company’s first online AGM online
Reliance is likely to make big announcements regarding retail business and Jio
Reliance Industries, the largest market cap company in India, kicked off it’s first online annual general meeting (AGM) on Wednesday. Reliance Chairman Mukesh Ambani today announced that google Will invest Rs 33,737 crore and acquire a 7.7% stake in Jio.
The country’s first indigenous 5G solution ready
Mukesh Ambani told the gathering that Jio has developed the country’s first indigenous 5G solution. Its technology is 100% indigenous. The technology will be ready for field deployment next year and we will export it to other telecom companies around the world. I dedicate this success to Prime Minister Narendra Modi and his vision for a self-reliant India.
Every calamity brings many opportunities: Mukesh Ambani
Reliance chairman Mukesh Ambani said many conditions have changed because of Corona. But every calamity brings us many opportunities. An example of this is the AGM. The meeting is being held at Jio Meet which can connect 5 million people together through the cloud.
Great expectation to shareholders
According to stock market experts, Reliance and especially Jio have invested heavily in the last few months. Its valuation has also increased a lot. With all this, shareholders are expecting a big announcement for them today. They are expecting a bonus or a dividend.
Large advertising equivalence related to the retail business
According to market experts, Reliance’s focus is now on expanding its retail business after receiving the expected investment for Jio platforms. The annual general meeting to be held today is likely to make a big announcement regarding retail. This could also include the announcement of the takeover of Kishore Biyani’s Future Group. In addition, Google has given Rs. An investment of Rs 30,000 crore may also be announced. An announcement could be made about listing the Jio platforms on the New York Stock Exchange.