Reliance to hold 44th AGM today; deal with Aramco, 5G technology on the agenda

Reliance Industries Ltd (RIL) will be holding its 44th annual general meeting (AGM) on Thursday where some major announcements are expected to be made. The meeting will be held virtually for a second consecutive time due to the ongoing coronavirus disease (Covid-19) pandemic.

According to a report by HSBC Global Research, Reliance Industries’ AGM has historically been a keenly watched event, given that it has been one of the top three companies by market capitalization in India and has a large free float and a large public shareholding. Meanwhile, BofA Securities said in its report that the AGM has turned into a key even where chairman Mukesh Ambani provides more details on the outlook of RIL’s key business divisions