New Delhi: The 45th AGM meeting of Reliance Industries will be held on August 29, 2022. From now on the agenda of this meeting is being speculated. It is believed that many big announcements can be made in this AGM meeting from Reliance Jio’s IPO to Reliance Retail’s IPO (Announcement Of IPO). The launch date of 5G mobile service may also be announced in this AGM. At the 2019 AGM meeting, the company’s chairman Mukesh Ambani talked about listing Reliance Jio and Reliance Retail on stock exchanges in the next five years.
May be announced at AGM of Reliance Industries
JM Financial believes that the timeline for the IPOs of Reliance Jio, Reliance Digital and the oil-to-chemical unit may be announced at Reliance Industries’ AGM. At the same time, brokerage firm CLSA believes that the IPO of Reliance Jio could be launched this year, with a market value estimated at $100 billion (Rs 8 lakh crore). According to CLSA, Reliance Jio’s IPO will act as a major catalyst for the valuation of the entire telecom sector.
AGM may announce launch of 5G service
The government has allotted spectrum to companies that won spectrum in the 5G spectrum auction and asked them to prepare for launching 5G services. In such a scenario, it is believed that Mukesh Ambani may announce the launch of 5G service at Reliance Industries’ AGM. Reliance Jio to acquire 5G spectrum Rs. 88,078 crore has been spent
It has become the largest telecom company in the country Reliance
However, the IPO of both the companies will be a golden opportunity for stock market investors to invest in the Reliance Group company. Let us tell you that Reliance Jio, which started the telecom business in 2016, has become the largest telecom company in the country, beating Bharti Airtel and Vodafone Idea in just five years. The government has allotted spectrum to the companies that won the spectrum in the 5G spectrum auction and asked them to prepare for launching 5G services.