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Reliance Industries to hold 46th AGM on August 28

Reliance Industries to hold 46th AGM on August 28

| @indiablooms | 04 Aug 2023, 09:00 pm

Mumbai: Reliance Industries Ltd has announced that its 46th annual general meeting will take place on August 28, according to a notice to the stock exchanges.

The company has designated August 21 as the record date to identify eligible shareholders for dividend payment.

Reliance Industries, a diverse conglomerate, declared a dividend of Rs 9 per share for its shareholders concurrent with the release of its financial results for the June quarter.

Investors on Dalal Street are anticipating some big announcements as Chairman Mukesh Ambani traditionally reveals significant updates pertaining to growth and expansion strategies during these annual general meetings.

During this session, there will likely be interest in discovering the listing date for Jio Financial Services.

Last month, RIL successfully completed the demerger of its financial services segment into Reliance Strategic Investments, subsequently rebranding the entity as Jio Financial Services.

Ambani might divulge expansion strategies for the financial services sector, particularly after its collaboration with the world's largest asset manager, BlackRock, aimed at competing in India's substantial $540 billion mutual fund sector.

Beyond the financial services domain, the market will be attentive to the management's perspective on and strategies for the retail and telecom segments.

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