RIL AGM: Will Mukesh Ambani surprise with Reliance Jio IPO announcement?
Dalal Street is holding its breath as billionaire Mukesh Ambani prepares to address 44 lakh shareholders of India’s largest conglomerate at Reliance Industries’ (RIL) Annual General Meeting (AGM) this Friday, August 29. With modest expectations setting the stage, Asia’s richest man could spring a surprise that transforms the conglomerate’s trajectory and potentially unleashes one of the world’s largest telecom IPOs.
“As the majority of strategic business announcements are made during AGM, many investors are expecting incremental updates on potential IPO timelines from AGM,” BofA Securities said.
