In a first, RCom AGM to be chaired by resolution professional on Monday

MUMBAI: In what is probably the first for any major corporate, a resolution professional will chair and address the shareholders of the Anil Ambani-run bankrupt Reliance Communications at the annual meeting with shareholders here on Monday.

Companies in the diversified group will be holding their annual general meetings (AGMs) in the financial capital.

On the venue front, there is a change from the past as the financially embattled group has chosen to hold the meetings in a city college instead of one of the biggest auditoriums in the city.

In his heydays, Anil’s father Dhirubhai, widely credited for creating the equity cult, used to book cricket stadiums located to address the mammoth shareholder meets.