Reliance AGM: Reliance Industries Limited is gearing up for its 46th Annual General Meeting (AGM) on August 28th, Monday. India’s leading telecom company, Reliance, is expected to reveal significant announcements during the event. Among the expected announcements is the potential launch of an affordable 5G smartphone. The conglomerate is also poised to reveal several other updates and plans during the meeting.
The AGM this year is slated to encompass seven key announcements. The event, presided over by Reliance Group Chairman Mukesh Ambani, is likely to witness the introduction of the new Jio 5G phone. This smartphone is anticipated to stand out as one of the most cost-effective 5G devices available. Additionally, other significant announcements may complement this unveiling.
Noteworthy expectations for Reliance AGM 2023:
Jio 5G Phone Launch: The much-anticipated Jio 5G phone, known for its affordability, could finally be unveiled and potentially launched during the AGM.
5G Prepaid Plan Introduction: Reliance might introduce a new 5G prepaid plan, further expanding its telecom offerings.
Jio AirFiber and Jiobook Launch Dates: The AGM could shed light on the launch dates for the upcoming Jio AirFiber and Jiobook laptops.
New Energy Investment Update: The meeting may also provide insights into the company’s investments in the realm of new and clean energy.
Netflix Partnership and Prepaid Bundle Pack: Reliance might detail its partnership with Netflix and potentially announce a prepaid bundle pack associated with it.
Future Retail IPO Announcement: An announcement pertaining to the Future Retail Initial Public Offering (IPO) could also be on the agenda.
Moreover, the Annual General Meeting may serve as an opportunity for Reliance Industries Limited to fulfil the commitments it made during the 2019 AGM. Back then, the company had outlined plans to list its telecom and retail businesses over a span of five years.