Will RIL AGM change fortunes of 36 lakh shareholders? Here’s a 5-point wish list
When Mukesh Ambani starts talking to his 36-lakh strong army of shareholders at the much-awaited AGM of Reliance Industries (RIL) at 2 pm today, investors want the billionaire to not just declare IPO timelines for retail and telecom subsidiaries but also give a clear commentary on the capex outlook and investment pipeline across businesses.
In the last one year, RIL shares have underperformed with just 2% return even after the value unlocking exercise through the listing of Jio Financial Services (JFSL).