The 46th AGM of Reliance Industries Limited has been waiting for a long time and today i.e. on 28 August 2023, that day has come. Today, Reliance is expected to reveal its business blueprint for the future. According to market experts, after the separation of Jio Financial Services Limited (JFSL) from RIL, the market is expecting some concrete announcement regarding Future Retail IPO and Reliance Jio IPO. If experts are to be believed, it is expected to launch a 5G device at the right price. Reliance AGM 2023 is also expected to get some information regarding the fundamentals of Jio Financial Services Limited.
What do experts say?
Speaking on the expected outcomes from the Reliance AGM 2023, Amar Dev Singh, Principal Advisor, Angel One has said in a media report that the market and investors have long looked to Reliance's AGM as a platform for the company to have its say and lay out its future strategy. are looking. Something similar can be seen this time.
Investors will be waiting for the deadline of Reliance Retail Business IPO, update on digital initiatives, progress of the company's clean energy projects and update on Jio Financial in the 46th AGM. The Angel One expert further added that the market will be keeping an eye on the launch of affordable 5G devices as well as attractive 5G tariff options.
Unlocking Value After Jio Financial Services
Expecting some strong and concrete announcement with respect to value unlocking, Saurabh Jain, Vice President, SMC Global Securities said that after the demerger of Jio Financial Services Limited, the market may expect some more value unlocking steps like Future Retail IPO and Reliance Jio IPO. Eagerly waiting for.
If there is no concrete announcement, then RIL AGM 2023 is also expected to indicate the possible launch of these two IPOs. Apart from this, after the JFSL share listing, some concrete information about Jio Financial Services is also on the radar of the markets. The AGM of Reliance Industries Limited will be held on Monday i.e. today, August 28, 2023 at 2 pm.
Script of reliance retail ipo
According to Onkar Kamtekar, Research Analyst, Bonanza Portfolio, an important story to watch during the AGM of Reliance Industries Limited (RIL) will be the deadline for the listing of Reliance Retail Venture Limited (RRVL). The groundwork for this has begun, as RIL has announced that the Qatar Investment Authority has bought 1 per cent stake in RRVL for Rs 8,278 crore, giving a valuation of Rs 8.25 lakh crore.
Additionally, it is expected that there may be more such deals in the coming quarters, which will be significant because at the current valuation of $100 billion (Rs 8.25 lakh crore), the IPO size of RRVL will be too large to be successful as such There is not enough liquidity to absorb the issue. Hence, how RIL will navigate the value unlocking process of RRVL remains to be seen.
Reliance AGM 2023 these are the five expectations
Investors are expecting Reliance Retail's IPO from RIL's AGM this time, if experts are to be believed, the company can announce its date.
Reliance Jio's IPO can also be announced, investors have been waiting for its IPO for a long time.
Investors are expecting more information about Jio Financial Services in Reliance's AGM, so that what is the future planning of the group regarding this.
Investors and people are also expected to keep an eye on the launch of 5G devices at a reasonable price. Along with this, it will also be kept in mind that what the company announces regarding the phone for the coming days.
An announcement can also be made on behalf of the company regarding the tariff of 5G. Common people are hopeful that Reliance can make a big announcement regarding the tariff of 5G.
How to watch RIL AGM 2023 live
The 46th AGM of Reliance Industries Limited will be held through video conferencing and can be seen live on the jio.com website – https://jiomeet.jio.com/meetingportal/rilagm/joinmeeting. As stated on the website, anyone can attend the AGM 30 minutes before the scheduled time of the AGM, which is 2 PM IST.
No comments:
Post a Comment