Jio IPO ‘fairly imminent’? What to expect from Mukesh Ambani at RIL AGM on June 19
The much-anticipated RIL AGM is scheduled for June 19.The street is abuzz with expectations about the potential agenda. Primarily, attention is on potential announcements on the timeline for the Jio IPO and also Reliance Industries plans for listing its retail business.
The timing of RIL Chairman Mukesh Ambani’s address at the AGM this time is of particular significance. On the one hand the buzz about Jio’s listing plans is gaining momentum and on the other crude prices are heading south and could potentially have a significant bearing on the margins of RIL’s O2C business.
