The 47th Reliance AGM meeting 2024 was held on 29th August 2024. Every shareholder of Reliance had their eyes glued to the outcome of this meeting as it marked a significant event for shareholders as well as market analysts. Mukesh Ambani and other major figures of reliance discussed many things like strategies, finance, new IPOs, and even leadership in this meeting.
Let’s uncover each major development one by one.
Reliance Jio and Retail IPO to be announced in The Reliance AGM Meeting 2024
The public is eagerly awaiting Reliance Jio and Reliance retail IPOs to be announced. This was one of the most discussed topics in the AGM meeting. Analysts predict Jio IPO could come in the market as early as 2025. The estimated value for this IPO is $112 billion, while Reliance Retail is yet to be discussed further.
Reliance Sustainable and New Energy Venture
Reliance is moving towards a sustainable future and also addressed commitment towards new energy initiatives. Ambani announced his plans to establish 4 giga factories aimed at solar energy and hydrogen technologies, both blue and green. This plan is nothing but the first step by Reliance towards the use of renewable energy sources. With this reliance is set to join the global transition towards a sustainable future and also meet India’s energy goals.
Reliance’s New Leadership— The Next Head of Reliance
The leadership transition has begun in Reliance. The effect of the ongoing transition within the Ambani family is now more clearly visible. With the increased participation of Ambani’s children- Isha, Anant, and Akash Ambani has been noticed in the company. This shows the shift of leadership in the company. To meet the modern business environment this transition is aimed to bring a new and fresh perspective to Reliance.
Conclusion
29th August marked the day for the 47th Reliance AGM meeting. This marked a pivotal point for the Reliance Industry as many plans for future developments were discussed. Reliance plans to launch IPOs for Jio and Reliance retail. There have been talks about leadership change within the Ambani family. Reliance has also started shifting towards sustainable practices. The meeting also discussed market and financial health along with strategies for future operations. As the Reliance industry continues to grow and expand many investors have their eyes pinned on the company.
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This article is written by Krishna Jindal.
