RIL 43rd AGM: Jio biz update, bonus, Aramco deal details. What’s in store?

Mukesh Ambani-controlled Reliance Industries (RIL), is all set to hold its 43rd annual general meeting (AGM) on Wednesday, July 15 via videoconferencing or other audio-visual means, given the ongoing crisis posed by Covid-19 pandemic.

While RIL’s AGM has always been a much sought-after event for the corporate world, business media, investors, and other stakeholders, this time the AGM holds a greater significance given the company’s record-breaking deal spree for its digital business vertical, Jio Platforms. So far, RIL has raised a record Rs 1.18 trillion in less than three months by selling 25.24 per cent stake in Jio Platforms to 13 marquee investors, including Facebook, Silver Lake, General Atlantic, Intel Capital, and Qualcomm Ventures.