InvestorQ : What are some of the major expectations from the Reliance AGM on 15 July?
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What are some of the major expectations from the Reliance AGM on 15 July?

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3 months ago
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The 43rd AGM of Reliance Industries on July 15 is expected to be heavy on announcements, although the details will only be known on the day of the AGM. One major announcement that the markets are expecting in the AGM is a clear time table towards becoming zero net-debt. There have also been talks about a likely issue of bonus shares by RIL.

Of course, there are still some deals hanging in limbo. The markets are expecting greater clarity on the $15 billion Saudi Aramco deal. Investors would expect some timelines for completion of the deal as well as on the sale of towers to Brookefield. If these were to happen, RIL can become zero net-debt and also be left with a good surplus.

One more area where analysts are expecting some inputs are the possible listing of Jio Platforms as well as its future plans on the 5G front. This has suddenly come into the limelight after Qualcomm became the latest investor in Jio Platforms. It was at the RIL AGM in 2016 that the mega Jio announcement was made by Mukesh Ambani.



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