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Reliance Industries AGM 2025 Highlights: Best of Reliance is yet to come, will more than double its EBITDA by the end of its golden decade, says Mukesh Ambani
29 Aug 2025 | 05:11:08 PM IST
Mukesh Ambani will address the Reliance AGM on Friday
Synopsis
Reliance AGM Meeting 2025 Highlights: Reliance announces a new subsidiary to drive AI in India and unveils key products, including JioPC, JioFrames, and more. Additionally, Ambani announced plans to list Jio by the first half of 2026. The stock was down 2%.
Reliance AGM Meeting 2025 Highlights: Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday started its 48th Annual General Meeting (AGM) at 2:00 PM, with focus on AI, Jio IPO plans and India's growth amid uncertainties.
RIL chairman announced the highly anticipated IPO plan for the telco Jio arm.
Reliance AGM: Where to watch live?
The 48th RIL AGM will be held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). Investors and market enthusiasts can watch the event on the official website of Reliance. It can also be live-streamed on the official YouTube handle Reliance.
Reliance Industries 48th AGM 2025 Date and Time
The annual general meeting will start at 2 pm on August 29.
Investors Expectations from Mukesh Ambani Led Reliance AGM
The long-pending IPO timeline for Reliance Jio and Reliance Retail will be the highly anticipated announcement that investors are eagerly waiting for. Back in 2019, Ambani had hinted at plans to list both companies within five years.
However, no concrete update has followed since. As the company crosses that five-year mark, markets will be keen to see if the management provides any clarity on when these IPOs could materialise.
Analysts note that while the listing of Jio and Retail could unlock significant value, holding company discounts may temper immediate shareholder impact.
Another area to watch is RIL’s push into artificial intelligence.
As RIL undergoes a transformation in its new energy business, evolving into a deep-tech manufacturing entity, the investors are expecting key announcements around the NE vertical.
The company posted a 78% year-on-year rise in its Q1FY26 consolidated net profit to Rs 26,994 crore, compared to Rs 15,138 crore in the same period last year.
Will Mukesh Ambani Launch Jio IPO Today?
The investors would also be keeping an eye on the long-pending IPO timeline for Reliance Jio and Reliance Retail.
While listing of Jio and Retail could unlock substantial value, holding company discounts may limit the immediate benefits for shareholders, said analysts.
Show moreRIL chairman announced the highly anticipated IPO plan for the telco Jio arm.
Reliance AGM: Where to watch live?
The 48th RIL AGM will be held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). Investors and market enthusiasts can watch the event on the official website of Reliance. It can also be live-streamed on the official YouTube handle Reliance.
Reliance Industries 48th AGM 2025 Date and Time
The annual general meeting will start at 2 pm on August 29.
Investors Expectations from Mukesh Ambani Led Reliance AGM
The long-pending IPO timeline for Reliance Jio and Reliance Retail will be the highly anticipated announcement that investors are eagerly waiting for. Back in 2019, Ambani had hinted at plans to list both companies within five years.
However, no concrete update has followed since. As the company crosses that five-year mark, markets will be keen to see if the management provides any clarity on when these IPOs could materialise.
Analysts note that while the listing of Jio and Retail could unlock significant value, holding company discounts may temper immediate shareholder impact.
Another area to watch is RIL’s push into artificial intelligence.
As RIL undergoes a transformation in its new energy business, evolving into a deep-tech manufacturing entity, the investors are expecting key announcements around the NE vertical.
The company posted a 78% year-on-year rise in its Q1FY26 consolidated net profit to Rs 26,994 crore, compared to Rs 15,138 crore in the same period last year.
Will Mukesh Ambani Launch Jio IPO Today?
The investors would also be keeping an eye on the long-pending IPO timeline for Reliance Jio and Reliance Retail.
While listing of Jio and Retail could unlock substantial value, holding company discounts may limit the immediate benefits for shareholders, said analysts.
1 New Update
Reliance Industries AGM 2025 Live: Missed key announcements from AGM? Check details
Reliance Industries AGM 2025 Live: Reliance Industries AGM: Reliance Industries continues to lead across every key growth parameter -- revenues, profitability, exports, market value, investments, contribution to the exchequer and societal impact, RIL chairman Mukesh Ambani said in his address at the group's keenly-watched 48th annual general meeting on August 29.
Read more: Reliance AGM 2025 Key Takeaways: Mukesh Ambani creates a splash with AI gamechanger, Jio IPO timeline reveal, new launches
Read more: Reliance AGM 2025 Key Takeaways: Mukesh Ambani creates a splash with AI gamechanger, Jio IPO timeline reveal, new launches
Reliance Industries AGM 2025 Live: 'Best of Reliance is yet to come'
Reliance Industries AGM 2025 Live: "But the best of Reliance is yet to come. In 2022, I made a promise that we will double Reliance by the end of our Golden Decade in 2028. At that time, our EBITDA was about ₹1.25 lakh crore ($ 14.6 billion). I reiterate that Reliance will more than double its EBITDA by the end of its Golden Decade," said Mukesh Ambani.
Reliance Industries AGM 2025 Live: Mukesh Ambani talks about future of O2C arm as geopolitical tensions subside
Reliance Industries AGM 2025 Live: "As I look to the future, I see our O2C business achieving substantial growth and delivering stable returns as geopolitical tensions subside. I also see rapid, innovation-driven growth in our materials business. We are well-positioned to produce high-value green fuels and chemicals, which India and the world will need.
Our New and Clean Energy business is being built with a singular purpose: to make India self-sufficient in energy, and to resolve India's energy trilemma of security, affordability, and sustainability through world-scale giga manufacturing, through round-the-clock renewable electricity, and through green fuels and chemicals at global scale.
I am sure that our New Energy business will be a major driver of growth for many decades, with the potential to become as big as our Oil-to-Chemicals business within the next 5-7 years. In scale, ambition, and impact, it will surpass everything Reliance has done so far. It will create unprecedented, perpetual value for both India and Reliance," said Mukesh Ambani.
Our New and Clean Energy business is being built with a singular purpose: to make India self-sufficient in energy, and to resolve India's energy trilemma of security, affordability, and sustainability through world-scale giga manufacturing, through round-the-clock renewable electricity, and through green fuels and chemicals at global scale.
I am sure that our New Energy business will be a major driver of growth for many decades, with the potential to become as big as our Oil-to-Chemicals business within the next 5-7 years. In scale, ambition, and impact, it will surpass everything Reliance has done so far. It will create unprecedented, perpetual value for both India and Reliance," said Mukesh Ambani.
Reliance Industries AGM 2025 Live: Mukesh Ambani talks about 'first principles' of Reliance
Reliance Industries AGM 2025 Live:
Mukesh Ambani announces 'first principles' of RIL
1. What is good for India is good for Reliance.
2. Build businesses of the future.
3. Build them world-class, and at mega scale – the largest and most competitive globally, with the highest standards of governance.
4. Invest in world-class talent and cutting-edge technologies.
Faithful adherence to these principles has been our value-creation dharma
Mukesh Ambani announces 'first principles' of RIL
1. What is good for India is good for Reliance.
2. Build businesses of the future.
3. Build them world-class, and at mega scale – the largest and most competitive globally, with the highest standards of governance.
4. Invest in world-class talent and cutting-edge technologies.
Faithful adherence to these principles has been our value-creation dharma
Reliance Industries AGM 2025 Live: Nita Ambani announces 'Jeevan', a new extension to Sir H. N. Reliance Foundation Hospital
Reliance Industries AGM 2025 Live: "At Sir H. N. Reliance Foundation Hospital, we are also opening an entirely new extension named Jeevan – a cutting-edge wing, dedicated to chemotherapy and immunotherapy, especially focusing on advanced paediatric chemotherapy, designed to heal our little ones with world-class care and a mother’s warmth," said Nita Ambani.
Reliance Industries AGM 2025 Live: Anant Ambani talks about the development of world’s largest single-site solar projects
Reliance Industries AGM 2025 Live: "In Kutch, Gujarat, we are developing one of the world’s largest single-site solar projects spanning 5,50,000 acres of arid land – three times the size of Singapore. At peak, we will deploy 55 MW of solar modules and 150 MWh of battery containers every day. This will be among the fastest installations globally. This single site could meet nearly 10% of India’s electricity needs within the next decade," said Anant Ambani.
Reliance Industries AGM 2025 Live: Anand Ambani gives a preview of Dhirubhai Ambani Giga Energy Complex
Reliance Industries AGM 2025 Live:
"At Jamnagar, work on the Dhirubhai Ambani Giga Energy Complex is progressing at record pace. It will be unmatched globally in size, scale, and integration," said Anant Ambani.
Here is the first glimpse of construction on this site:
· 5 million manhours of engineering
· 44 million square feet of building area – four times the Tesla Gigafactory
· 3.4 million cubic meters of concrete
· 7 lakh tonnes of steel – equal to 100 Eiffel Towers
· 1 lakh kilometres of cable – enough to reach the moon and back. Over 50,000 workers at peak, supported by extensive construction automation
"At Jamnagar, work on the Dhirubhai Ambani Giga Energy Complex is progressing at record pace. It will be unmatched globally in size, scale, and integration," said Anant Ambani.
Here is the first glimpse of construction on this site:
· 5 million manhours of engineering
· 44 million square feet of building area – four times the Tesla Gigafactory
· 3.4 million cubic meters of concrete
· 7 lakh tonnes of steel – equal to 100 Eiffel Towers
· 1 lakh kilometres of cable – enough to reach the moon and back. Over 50,000 workers at peak, supported by extensive construction automation
Reliance Industries AGM 2025 Live: 'Jio-bp will play a vital role in powering India’s mobility needs'
Reliance Industries AGM 2025 Live: "We will continue to expand our network, scale our EV infrastructure, and introduce new green fuels, including biofuels and hydrogen. Jio-bp will play a vital role in powering India’s mobility needs, while driving the transition to a cleaner, more sustainable future," said Anant Ambani
Reliance Industries AGM 2025 Live: Anant Ambani announces Rs 75,000 being injected for new projects
Reliance Industries AGM 2025 Live: Key projects are:
· Nagothane: 1.2 million tonne PVC plant
· Dahej: Expanded CPVC and 3 million tonne PTA facility
· Palghar: 1 million tonne specialty polyester facility
These projects are positioned to meet India’s rising demand.
Our Hazira carbon fibre facility will be one of the world’s three largest, serving Aerospace, Defence, and Advanced Materials.
And at Jamnagar, we are on course to realising the autonomous refinery: Anant Ambani
· Nagothane: 1.2 million tonne PVC plant
· Dahej: Expanded CPVC and 3 million tonne PTA facility
· Palghar: 1 million tonne specialty polyester facility
These projects are positioned to meet India’s rising demand.
Our Hazira carbon fibre facility will be one of the world’s three largest, serving Aerospace, Defence, and Advanced Materials.
And at Jamnagar, we are on course to realising the autonomous refinery: Anant Ambani
Reliance Industries AGM 2025 Live: Anant Ambani in his debut AGM announced company's plan to move towards clean fuels
Reliance Industries AGM 2025 Live: "Across facilities, we are shifting to clean fuels. Our efficiency programmes have delivered 10 million gigajoules of energy savings in three years. Our circular economy initiatives – waste plastic pyrolysis, biomass fuels, hydrogen – make Reliance a leader in sustainable materials. This is a strong competitive advantage as sustainability drives value creation," Anant Ambani said.
Reliance Industries AGM 2025 Live: Anant Ambani talks about advantages that are helping company's core O2C arm
Reliance Industries AGM 2025 Live:
The past year brought extraordinary complexity in global energy markets. Supply chain disruptions, trade shifts, and petrochemical overcapacity posed major challenges. In this dynamic environment, Reliance delivered industry-leading performance.
Anant Ambani says success rests on following advantages:
· Operational excellence
· Feedstock flexibility
· Supply chain agility
· Deep market reach
· Technology-driven innovation
Our operational excellence is evident in 100% capacity utilisation, far higher than the global average of 80%. This directly translates into superior capital returns. And it validates the strength of our model: Anant Ambani
The past year brought extraordinary complexity in global energy markets. Supply chain disruptions, trade shifts, and petrochemical overcapacity posed major challenges. In this dynamic environment, Reliance delivered industry-leading performance.
Anant Ambani says success rests on following advantages:
· Operational excellence
· Feedstock flexibility
· Supply chain agility
· Deep market reach
· Technology-driven innovation
Our operational excellence is evident in 100% capacity utilisation, far higher than the global average of 80%. This directly translates into superior capital returns. And it validates the strength of our model: Anant Ambani
Reliance Industries AGM 2025 Live: Consumer Products business, RCPL, is set to become a direct subsidiary of RIL, announces Isha Ambani
Reliance Industries AGM 2025 Live: "Our Consumer Products business, RCPL is set to become a direct subsidiary of RIL. This will consolidate all our consumer brands into a single, sharply focused company," said Isha Ambani.
Reliance Industries AGM 2025 Live: What are Reliance Retail's eight growth enablers? Isha Ambani answers
Reliance Industries AGM 2025 Live: Full statement of Isha Ambani on Reliance Retail's growth enablers
Our confidence in achieving 20%+ CAGR is grounded in eight growth enablers, each with measurable proof of performance:
1. We know the Indian consumer better than anyone. Our unmatched insights are drawn from scientific data mining from billions of real transactions.
2. Our product development engine is creating powerful own brands such as Independence in Grocery, Avaasa in Fashion, and Kelvinator in Electronics.
3. Our superior sourcing ecosystem is a strategic advantage.
4. Our omni-channel architecture integrates the best of digital and physical retail, maximising customer delight.
5. Our unsurpassed market reach of nearly 20,000 stores is supported by India’s largest tech-enabled supply chain.
6. We empower India’s 42 lakh merchants – kiranas, traders, and HoReCa businesses – through our B2B formats Metro and JioMart Digital, giving them access to products, technology, and financing.
7. Our tech-led capabilities – from AI-driven demand forecasting to robotics-enabled warehouses – allow us to scale with precision and efficiency, ensuring profitability even in aggressive growth phases.
8.Our people – 2.5 lakh strong – are the soul of Reliance Retail. They are trained, empowered, motivated, and mandated to deliver.
Our confidence in achieving 20%+ CAGR is grounded in eight growth enablers, each with measurable proof of performance:
1. We know the Indian consumer better than anyone. Our unmatched insights are drawn from scientific data mining from billions of real transactions.
2. Our product development engine is creating powerful own brands such as Independence in Grocery, Avaasa in Fashion, and Kelvinator in Electronics.
3. Our superior sourcing ecosystem is a strategic advantage.
4. Our omni-channel architecture integrates the best of digital and physical retail, maximising customer delight.
5. Our unsurpassed market reach of nearly 20,000 stores is supported by India’s largest tech-enabled supply chain.
6. We empower India’s 42 lakh merchants – kiranas, traders, and HoReCa businesses – through our B2B formats Metro and JioMart Digital, giving them access to products, technology, and financing.
7. Our tech-led capabilities – from AI-driven demand forecasting to robotics-enabled warehouses – allow us to scale with precision and efficiency, ensuring profitability even in aggressive growth phases.
8.Our people – 2.5 lakh strong – are the soul of Reliance Retail. They are trained, empowered, motivated, and mandated to deliver.
Reliance Industries AGM 2025 Live: Missed big AI announcements made by Mukesh Ambani? Check details here
Reliance Industries AGM 2025 Live: Reliance Industries on Friday unveiled Reliance Intelligence, a wholly-owned subsidiary aimed at accelerating India’s artificial intelligence capabilities and establishing the country as a global hub for AI innovation.
Read more: Reliance AGM 2025: Mukesh Ambani launches Reliance Intelligence, partners with Google, Meta to drive India’s AI revolution
Read more: Reliance AGM 2025: Mukesh Ambani launches Reliance Intelligence, partners with Google, Meta to drive India’s AI revolution
Reliance Industries AGM 2025 Live: "Digital strength is another accelerator of our retail business," says Isha Ambani
Reliance Industries AGM 2025 Live: "Our unmatched digital strength is another accelerator of our retail business. Our online channels currently contribute a high single-digit share of retail revenues but will grow to over 20% within three years.
We also lead in hyperlocal quick commerce, using our incomparable store network, strategically located dark stores, and deep consumer data to offer faster, more reliable deliveries than any competitor.
Our registered customer base has grown to 349 million, up 15% year-on-year.
We processed around 1.4 billion transactions in the year – nearly matching the population of India – a scale that only reinforces our ability to grow profitably," said Isha Ambani.
We also lead in hyperlocal quick commerce, using our incomparable store network, strategically located dark stores, and deep consumer data to offer faster, more reliable deliveries than any competitor.
Our registered customer base has grown to 349 million, up 15% year-on-year.
We processed around 1.4 billion transactions in the year – nearly matching the population of India – a scale that only reinforces our ability to grow profitably," said Isha Ambani.
Reliance Industries AGM 2025 Live: Isha Ambani reflects on Reliance Retail's journey to shareholders
Reliance Industries AGM 2025 Live: "Reliance Retail today is a national movement – a mission to benefit both consumers and producers, accelerate the economy, ignite aspirations, and enhance the quality of life of Indians. Our performance this year reflects not only scale, but the underlying strength and resilience of our business model. The Gross revenue grew 8% to ₹3,30,943 crore ($38.7 billion) while EBITDA rose 8.6% to ₹25,094 crore ($2.9 billion)," said Isha Ambani.
Reliance Industries AGM 2025 Live: Mukesh Ambani takes focus of shareholders to conglomerate's retail arm
Reliance Industries AGM 2025 Live: "It fills me with immense pride to stand before you today and speak about one of the most impactful growth journeys in modern India – the journey of Reliance Retail. It is amongst the fastest growing retailers globally, with scale and depth that is unparalleled in the world. Reliance Retail is now ready to write the next chapter of super growth. Reliance Consumer Products had an outstanding growth in its very first year of operations. It has achieved a turnover of ₹11,500 crore ($1.4 billion), making it the fastest growing FMCG company ever," said Mukesh Ambani.
Reliance Industries AGM 2025 Live: Meta's Mark Zuckerberg on JV with Reliance
Reliance Industries AGM 2025 Live: "Meta and Reliance are going to deliver our open-source AI models to Indian businesses to help them fuel their work. With #Llama, we have seen how AI can amplify human potential, boosting productivity, inspiring creativity, and accelerating innovation. And now, with Reliance’s reach and scale, we can bring this to every corner of India.
With this partnership, we are beginning to build our vision for the future where every entrepreneur, creator, and company has the tools they need to succeed. I believe that this venture will become a model for how AI – and one day superintelligence – can be delivered to everyone. This is just the beginning," said Mark Zukerberg, Founder & CEO, Meta
With this partnership, we are beginning to build our vision for the future where every entrepreneur, creator, and company has the tools they need to succeed. I believe that this venture will become a model for how AI – and one day superintelligence – can be delivered to everyone. This is just the beginning," said Mark Zukerberg, Founder & CEO, Meta
Reliance Industries AGM 2025 Live: Not just Google, Reliance announces JV with tech giant Meta
Reliance Industries AGM 2025 Live: "Today, I am also pleased to unveil a new, India-focused AI joint venture with our close partner, Meta. Together, we want to pair the power of open-source AI with Reliance’s deep domain knowledge across industries.
That is why, we are forming a dedicated joint venture with Meta to combine open models and tools with our execution in Energy, Retail, Telecom, Media, and Manufacturing, and to deliver sovereign, enterprise-ready AI for India," said Mukesh Ambani.
That is why, we are forming a dedicated joint venture with Meta to combine open models and tools with our execution in Energy, Retail, Telecom, Media, and Manufacturing, and to deliver sovereign, enterprise-ready AI for India," said Mukesh Ambani.
Reliance Industries AGM 2025 Live: Reliance announces partnership with Google
Reliance Industries AGM 2025 Live: Google and Reliance are partnering to help all of Reliance’s businesses transform using AI – from Energy and Retail to Telecom and Financial Services. To support this AI adoption, together we are establishing a Jamnagar Cloud region, built for and dedicated to Reliance. It will bring world-class AI and compute from Google Cloud, powered by clean energy from Reliance, and connected by Jio’s advanced network.
As Reliance’s largest public cloud partner, Google Cloud is not only powering the company’s mission-critical workloads, but we are also innovating with you on advanced AI initiatives, said Sundar Pichai, CEO, Google and Alphabet.
As Reliance’s largest public cloud partner, Google Cloud is not only powering the company’s mission-critical workloads, but we are also innovating with you on advanced AI initiatives, said Sundar Pichai, CEO, Google and Alphabet.
Reliance Industries AGM 2025 Live: What are four clear missions of the 'Reliance Intelligence'
Reliance Industries AGM 2025 Live:
The new company is conceived with four clear missions:
1.Reliance Intelligence will build gigawatt-scale, AI-ready data centres, powered by green energy and engineered for training and inference at national scale.
2.Reliance Intelligence will bring the world’s best tech-companies and open-source communities together.
3.Reliance Intelligence will deliver trusted, easy-to-use AI services for consumers, small businesses, and enterprises, and solutions for sectors of national importance.
4.Reliance Intelligence will create a home for world-class researchers, engineers, designers, and product builders, so that ideas become innovations and applications, providing solutions to India and the world: Mukesh Ambani
The new company is conceived with four clear missions:
1.Reliance Intelligence will build gigawatt-scale, AI-ready data centres, powered by green energy and engineered for training and inference at national scale.
2.Reliance Intelligence will bring the world’s best tech-companies and open-source communities together.
3.Reliance Intelligence will deliver trusted, easy-to-use AI services for consumers, small businesses, and enterprises, and solutions for sectors of national importance.
4.Reliance Intelligence will create a home for world-class researchers, engineers, designers, and product builders, so that ideas become innovations and applications, providing solutions to India and the world: Mukesh Ambani
Reliance Industries AGM 2025 Live: 'Reliance Intelligence' launched
Reliance Industries AGM 2025 Live: A wholly-owned subsidiary announced by Mukesh Ambani to drive AI in India.
Reliance Industries AGM 2025 Live: Disney CEO talks about delivering for Indian market through JioStar
Reliance Industries AGM 2025 Live: "India is one of the most important and exciting markets for Disney globally. Its scale, diversity, and deep love for storytelling present enormous opportunities. And through JioStar, we are delivering the very best in entertainment and sports, reaching audiences at an unprecedented scalem" said Bob Iger, CEO, Disney.
Reliance Industries AGM 2025 Live: Reliance reveals Jio IPO timeline; here’s everything you need to know about the blockbuster listing.
Billionaire and Reliance Industries (RIL) chairman Mukesh Ambani on Friday told shareholders at the conglomerate's AGM that the much-awaited IPO of Reliance Jio, which could be the largest in the history of Dalal Street, would come in the first half of 2026.
Read more: Mukesh Ambani announces Reliance Jio IPO by first half of 2026
Read more: Mukesh Ambani announces Reliance Jio IPO by first half of 2026
Reliance Industries AGM 2025 Live: Reliance introduces Voice Print
Reliance Industries AGM 2025 Live: "Now, introducing Voice Print, the next leap in immersive storytelling. For the first time, on the JioHotstar App, you will be able to enjoy sports and entertainment in your favourite Indian language, without losing the magic of the original performance. With the power of AI voice cloning and lip-sync technology, your favourite stars will not just get dubbed —they will speak in your language, in their own voice, with perfect lip-sync on screen. So, whether it is a cricket match or a blockbuster movie, you can now watch it in your own language, in the most natural and authentic way," Akash Ambani.
Reliance Industries AGM 2025 Live: Reliance announces RIYA, a new voice-enabled search assistant for JioStar
Reliance Industries AGM 2025 Live: "Finding what to watch in a world of thousands of hours of content can feel overwhelming. That is why, we have built RIYA– your new voice-enabled search assistant that makes discovering content effortless. RIYA is built for the way you think and speak. Just say what you want, across years, seasons, and episodes, and RIYA will curate it for you. No more scrolling. No more searching. Just ask, and RIYA delivers," Akash Ambani.
Reliance Industries AGM 2025 Live: JioFrames announced by Akash Ambani
Reliance Industries AGM 2025 Live: "JioFrames is an AI-powered wearable platform and ecosystem, made for India. With support for multiple Indian languages at launch, you can simply speak to Jio’s multilingual AI voice-assistant. It is a hands-free, AI-powered companion designed for the way India lives, works, and plays. With JioFrames, you can capture your world like never before. Take HD photos, record videos or go live – every memory is instantly stored in Jio AI Cloud," announced Akash Ambani.
Reliance Industries AGM 2025 Live: JioPC announced
Reliance Industries AGM 2025 Live: "Today, we are proud to announce another leap forward – JioPC. JioPC is that revolutionary product that transforms your TV, or any other screen, into a full-feature, AI‑ready computer.
You can easily get started by connecting a keyboard into your Jio Set-Top Box. Instantly, you get a virtual computer powered from Jio’s cloud with no upfront investment. You simply pay for what you use. And because JioPC lives in the cloud, it is always up-to-date, secure and you can remotely upgrade your memory, storage, and computing power based on your growing needs," said Akash Ambani.
You can easily get started by connecting a keyboard into your Jio Set-Top Box. Instantly, you get a virtual computer powered from Jio’s cloud with no upfront investment. You simply pay for what you use. And because JioPC lives in the cloud, it is always up-to-date, secure and you can remotely upgrade your memory, storage, and computing power based on your growing needs," said Akash Ambani.
Reliance Industries AGM 2025 Live: Akash Ambani on Jio's expansion plan
Reliance Industries AGM 2025 Live: "As we look ahead, Jio's journey will progress beyond India. Our innovative technologies will now be deployed globally, ready to solve global challenges. With strategic partnerships and a clear roadmap, we will take Jio's services to the rest of the world, creating value for partners and shareholders alike. Behind every achievement of Jio is a mission – to serve customers from the heart, to connect the unconnected, and to uplift every citizen. As we move forward, Jio remains committed to ensure that our technology empowers all of you," said Akash Ambani.
Reliance Industries AGM 2025 Live: Akash Ambani on Jio AirFiber
Reliance Industries AGM 2025 Live: Jio AirFiber is now the largest fixed wireless provider in the world, adding over 1 million homes per month, says Akash Ambani.
Reliance Industries AGM 2025 Live: Ambani unveils the long-awaited IPO announcement
Reliance Industries AGM 2025 Live: Jio crosses 500 million customers, aims IPO by H1FY27, Mukesh Ambani said.
Reliance Industries AGM 2025 Live: Mukesh Ambani lists five big achievements of RIL's telco arm Jio
Reliance Industries AGM 2025 Live:
- Jio made voice calls free from anywhere to everywhere in India.
- It made watching videos on mobile phones a habit for millions of Indians.
- Jio laid the foundation for India’s digital public infrastructure, including initiatives such as Aadhaar and UPI.
- The company enabled the creation of India’s digital ecosystem.
- Jio helped build the world’s third-largest startup ecosystem in India, supporting over 100 unicorns.
Reliance Industries AGM 2025 Live: Ambani talks about Jio
Reliance Industries AGM 2025 Live: "Just a week from now, Jio will enter its 10th year. I am proud to share that the Jio family has crossed 500 million customers," said Ambani.
Reliance Industries AGM 2025 Live: India's economy can grow at 10%, says Ambani
Reliance Industries AGM 2025 Live: "With the right set of reforms, advanced manufacturing capabilities, and a national focus on deep tech, our economy can grow at 10%. This would mean that the per capita income of Indians could rise four to five times over the next two decades," said Ambani.
Reliance Industries AGM 2025 Live: 'India need not have any modern model'
Reliance Industries AGM 2025 Live: "India need not follow any modern model; we have both the ability and the responsibility to create an India-first model of development. This model will bring prosperity and security to India, improve the quality of life for every Indian, and protect the environment.
It will also harmonize technology with democracy, economy with culture, spirituality with science, and national aspirations with global friendship.
This is the collective dream of nearly 1.5 billion Indians—to build a nation that leads the world in prosperity and compassion," said Ambani.
It will also harmonize technology with democracy, economy with culture, spirituality with science, and national aspirations with global friendship.
This is the collective dream of nearly 1.5 billion Indians—to build a nation that leads the world in prosperity and compassion," said Ambani.
Reliance Industries AGM 2025 Live: AI takes centre stage at 48th AGM
Reliance Industries AGM 2025 Live: "For India, therefore, we are building the world's most advanced clean energy ecosystems. We are expanding into the frontier of digital health, life sciences and genomics, and we are developing AI as a new growth engine, besides embedding AI across all our businesses, from region to Telecom, from energy to take India. India, with its scale, talent and entrepreneurial spirit is uniquely positioned to lead in this new era of AI lean energy engine office, and reliance as position itself, confidently to lead our nation's mission to ensure that abundance and affordability. Become the birth right of every Indian," said Ambani.
Reliance Industries AGM 2025 Live: AI can now be called the Kam Dhenu, says Mukesh Ambani
Reliance Industries AGM 2025 Live: "While uncertainty surrounds us. Humanity all still stands at the threshold of a golden age in the 21st century,
an age defines no longer by scarcity, but by super abundance and super affordability for all the 8 billion people on this planet.
This has become possible because of the convergence of three powerful technological transformations. Breakthroughs in clean energy are unlocking a future of abundance, sustainability, and security, raising hopes for overcoming the climate crisis," said Ambani.
an age defines no longer by scarcity, but by super abundance and super affordability for all the 8 billion people on this planet.
This has become possible because of the convergence of three powerful technological transformations. Breakthroughs in clean energy are unlocking a future of abundance, sustainability, and security, raising hopes for overcoming the climate crisis," said Ambani.
Reliance Industries AGM 2025 Live: Mukesh Ambani starts meeting by focusing on uncertainties surrounding the world
Reliance Industries AGM 2025 Live: "The global economy today is navigating through an era of great uncertainty. The world is realising that conflict produces no winners. While uncertainty surrounds us. Humanity all still stands at the threshold of a golden age in the 21st century, said RIL Chairman Mukesh Ambani.
Reliance Industries AGM 2025 Live: Mukesh Ambani begins meeting by seeking blessings of Lord Ganpati
Reliance Industries AGM 2025 Live: Chairman and Managing Director Mukesh Ambani has started his address to the shareholders.
Reliance Industries AGM 2025 Live: Mukesh Ambani starts addressing 44 lakh shareholders
Reliance Industries AGM 2025 Live: Mukesh Ambani to address 44 lakh shareholders soon
Reliance Industries AGM 2025 Live: As investors braced for Mukesh Ambani’s address at the company’s Annual General Meeting (AGM) later, shares of Reliance Industries Ltd (RIL) have been trading flat at Rs 1,386.40 on Friday, with a slightly negative bias.
Reliance Industries AGM 2025 Live: With the AGM about to commence, here’s a look at the key focus areas of 48th AGM
Reliance Industries AGM 2025 Live:
IPO plans: Dalal Street is on edge as Mukesh Ambani gears up to address shareholders at Reliance Industries’ (RIL) Annual General Meeting (AGM) this Friday, August 29. While expectations remain measured, Asia’s richest man could unveil a game-changing move, potentially paving the way for one of the world’s largest telecom IPOs.
Jio’s AI Push: The telecom division is set to roll out JioBrain, a comprehensive AI platform designed to enhance consumer and enterprise digital services across the Jio ecosystem. Investors are also looking for updates on the homegrown 5G stack and the expansion of JioAirFiber.
New Energy Drive: Reliance is transforming into a deep-tech manufacturing leader. According to BofA, engineering at its Solar and Battery Giga-Factories is complete, procurement is finalized, and equipment deliveries are slated for 2025. The company has already begun operations at its first gigawatt-plus scale solar PV module line.
Retail Transformation: Beyond standard retail updates, shareholders are closely watching developments in the quick-commerce segment and the fast-fashion collaboration with Shein. Updates on Jio Hotstar monetization and FMCG expansion are also anticipated.
IPO plans: Dalal Street is on edge as Mukesh Ambani gears up to address shareholders at Reliance Industries’ (RIL) Annual General Meeting (AGM) this Friday, August 29. While expectations remain measured, Asia’s richest man could unveil a game-changing move, potentially paving the way for one of the world’s largest telecom IPOs.
Jio’s AI Push: The telecom division is set to roll out JioBrain, a comprehensive AI platform designed to enhance consumer and enterprise digital services across the Jio ecosystem. Investors are also looking for updates on the homegrown 5G stack and the expansion of JioAirFiber.
New Energy Drive: Reliance is transforming into a deep-tech manufacturing leader. According to BofA, engineering at its Solar and Battery Giga-Factories is complete, procurement is finalized, and equipment deliveries are slated for 2025. The company has already begun operations at its first gigawatt-plus scale solar PV module line.
Retail Transformation: Beyond standard retail updates, shareholders are closely watching developments in the quick-commerce segment and the fast-fashion collaboration with Shein. Updates on Jio Hotstar monetization and FMCG expansion are also anticipated.
Reliance AGM 2025 Live: All eyes on AI push, retail business and more
Reliance AGM 2025 Live:
Jio’s AI Push:
Launching JioBrain, a comprehensive AI service platform, as part of its wider ecosystem strategy for consumer and enterprise digital services.
Investors also anticipate updates on the homegrown 5G stack and the expansion of JioAirFiber.
New Energy Drive:
Reliance is positioning itself as a deep-tech manufacturing leader.
According to BofA, engineering at Solar and Battery Giga-Factories is complete, procurement is finalized, and equipment deliveries are expected in 2025.
The first gigawatt-plus scale solar PV module line is already operational.
Retail Transformation:
Shareholders are watching developments in quick-commerce and the fast-fashion partnership with Shein.
Updates on Jio Hotstar monetization and FMCG expansion are also expected.
Jio’s AI Push:
Launching JioBrain, a comprehensive AI service platform, as part of its wider ecosystem strategy for consumer and enterprise digital services.
Investors also anticipate updates on the homegrown 5G stack and the expansion of JioAirFiber.
New Energy Drive:
Reliance is positioning itself as a deep-tech manufacturing leader.
According to BofA, engineering at Solar and Battery Giga-Factories is complete, procurement is finalized, and equipment deliveries are expected in 2025.
The first gigawatt-plus scale solar PV module line is already operational.
Retail Transformation:
Shareholders are watching developments in quick-commerce and the fast-fashion partnership with Shein.
Updates on Jio Hotstar monetization and FMCG expansion are also expected.
Reliance AGM 2025 Live: Focus on expansion plans
Reliance AGM 2025 Live:
Nuvama: The firm is keeping an eye out for updates on Reliance’s targets: doubling overall business by 2030, expanding Jio and Retail over the next three to four years, and achieving New Energy (NE) growth comparable to O2C earnings. “Progress on doubling of Jio and Retail EBITDA in the next three–four years—as indicated at the last AGM—is keenly awaited. Upon streamlining, growth in its Retail business remains crucial for investors. An update on Jio Hotstar monetisation and FMCG expansion is awaited."
BofA: The firm is expecting key updates on "updates on RIL's ecosystem approach towards consumer & enterprise digital services, JioAirFiber & exporting locally developed 5G stack. The firm is also expecting an update on RIL's quick-commerce biz & fast fashion business (JV with Shein).
Nuvama: The firm is keeping an eye out for updates on Reliance’s targets: doubling overall business by 2030, expanding Jio and Retail over the next three to four years, and achieving New Energy (NE) growth comparable to O2C earnings. “Progress on doubling of Jio and Retail EBITDA in the next three–four years—as indicated at the last AGM—is keenly awaited. Upon streamlining, growth in its Retail business remains crucial for investors. An update on Jio Hotstar monetisation and FMCG expansion is awaited."
BofA: The firm is expecting key updates on "updates on RIL's ecosystem approach towards consumer & enterprise digital services, JioAirFiber & exporting locally developed 5G stack. The firm is also expecting an update on RIL's quick-commerce biz & fast fashion business (JV with Shein).
Reliance AGM 2025 Live: Will Ambanis announce mega IPO plans for the investors?
Reliance AGM 2025 Live:
At the 2019 AGM, RIL’s chairman had hinted plans to list its telecom and retail businesses within five years, but no updates have been provided since. At the 48th AGM, the investors are now anticipating fresh insights on potential IPO timelines. Just ahead of the AGM, UBS raised its target price to ₹1,550, citing value unlocking potential in less cyclical and faster growing businesses of both retail and Jio that could lead to re-rating in the Nifty stock.
At the 2019 AGM, RIL’s chairman had hinted plans to list its telecom and retail businesses within five years, but no updates have been provided since. At the 48th AGM, the investors are now anticipating fresh insights on potential IPO timelines. Just ahead of the AGM, UBS raised its target price to ₹1,550, citing value unlocking potential in less cyclical and faster growing businesses of both retail and Jio that could lead to re-rating in the Nifty stock.
Reliance AGM 2025 Live: What are brokerage firms saying?
Reliance AGM 2025 Live:
UBS: Despite macro volatility, Reliance Industries’ refining and petrochemical (petchem) operations are well-positioned. Key strengths include the company’s integration strategy and feedstock flexibility. Gross refining margins (GRMs) are projected to rise to around $10 per barrel by FY26-27E.
Jefferies: Maintained a ‘Buy’ on Reliance with a price target of Rs 1,670. The recommendation is based on an analysis of RIL’s FY25 annual report, highlighting:
JP Morgan: Reaffirmed an ‘Overweight’ rating with a target price of Rs 1,695. Key observations:
UBS: Despite macro volatility, Reliance Industries’ refining and petrochemical (petchem) operations are well-positioned. Key strengths include the company’s integration strategy and feedstock flexibility. Gross refining margins (GRMs) are projected to rise to around $10 per barrel by FY26-27E.
Jefferies: Maintained a ‘Buy’ on Reliance with a price target of Rs 1,670. The recommendation is based on an analysis of RIL’s FY25 annual report, highlighting:
- Trends across Jio, Retail, and Energy segments
- Capex patterns
- Free cash flow (FCF) projections
- Potential future growth avenues
JP Morgan: Reaffirmed an ‘Overweight’ rating with a target price of Rs 1,695. Key observations:
- RIL’s stock valuations remain attractive despite recent outperformance
- Implied holding company discount has narrowed only slightly through 2025
- RIL’s retail business continues to trade at a steeper discount compared to peers like DMart
Reliance AGM 2025 Live: Spotlight on petchem expansion plans
Reliance AGM 2025 Live: Huge focus is on Ambanis providing an update on RIL’s massive petchem expansion.
Here's what UBS said on petchem business
"Amid volatility in regional refining and petchem spreads, we believe Reliance's O2C segment is well placed due to its enhanced integration (between refining and petchem complexes), dynamic crude sourcing (varied global crude mix) and feedstock flexibility (ethane, naphtha and refinery off-gas). We estimate Reliance's gross refining margins (GRMs) to improve from FY25 levels to around US$10/bbl in FY26-27E, with improvement in regional refined produce spreads,” UBS said.
Here's what UBS said on petchem business
"Amid volatility in regional refining and petchem spreads, we believe Reliance's O2C segment is well placed due to its enhanced integration (between refining and petchem complexes), dynamic crude sourcing (varied global crude mix) and feedstock flexibility (ethane, naphtha and refinery off-gas). We estimate Reliance's gross refining margins (GRMs) to improve from FY25 levels to around US$10/bbl in FY26-27E, with improvement in regional refined produce spreads,” UBS said.
Reliance AGM 2025 Live: Energy to be in focus
Reliance AGM 2025 Live: Currently, the Mukesh Ambani-led conglomerate is undergoing a transformation in its new energy business. The company has made considerable progress in solar and battery giga-factories, and commenced operations at its first giga-watt scale solar PV module line.
Reliance AGM 2025 Live: Big AI plans on the cards
Reliance AGM 2025 Live: While IPO may be of the biggest interest to investors, spotlight would also be on RIL’s foray into artificial intelligence. Brokerage firm BofA expects crucial update on Jio’s AI strategy, particularly its upcoming platform JioBrain.
Reliance AGM 2025 Live: A look into performance of key verticals
Reliance AGM 2025 Live: The Mukesh Ambani-led conglomerate observed a PAT of Rs 80,787 cr in FY25. The performance of key verticals of the company is as follows:
Reliance Retail recorded a Gross Revenue of Rs 330,943 crore for FY25 with a growth of 7.9% over the last year.
Reliance Digital Services achieved a revenue of Rs 1,54,119 crore driven by tariff increase in the mobility business, ramp-up of homes and enterprise services, and scale-up of digital platforms.
JioHotstar scaled up to 280 million paying subscribers during IPL Season 18, the second highest globally, and hit peak MAUs of 503 million in March 2025.
The core O2C vertical witnessed a revenue increase by 11% Y-o-Y to Rs 6,26,921 crore. The Oil and Gas segment achieved the highest-ever revenue and EBITDA.
Reliance Retail recorded a Gross Revenue of Rs 330,943 crore for FY25 with a growth of 7.9% over the last year.
Reliance Digital Services achieved a revenue of Rs 1,54,119 crore driven by tariff increase in the mobility business, ramp-up of homes and enterprise services, and scale-up of digital platforms.
JioHotstar scaled up to 280 million paying subscribers during IPL Season 18, the second highest globally, and hit peak MAUs of 503 million in March 2025.
The core O2C vertical witnessed a revenue increase by 11% Y-o-Y to Rs 6,26,921 crore. The Oil and Gas segment achieved the highest-ever revenue and EBITDA.
Reliance AGM 2025 Live: What's on the agenda? Here are key expectations of the investors
Reliance AGM 2025 Live: The focus areas for today’s AGM are likely to be around New Energy (NE) and IPO timelines of Jio and Retail. The investors are also hoping to see focus around the geopolitical tensions around the core O2C business due to Russian sanctions.
The oil-to-chemicals (O2C) business continues to be RIL’s largest profit driver, contributing two-fifths of EBITDA and over half of attributable profit. Massive petrochemical capacity additions — polyester (5 mtpa), vinyl (3.9 mtpa), and carbon fiber (20 ktpa) by FY27 — remain key milestones to track.
The oil-to-chemicals (O2C) business continues to be RIL’s largest profit driver, contributing two-fifths of EBITDA and over half of attributable profit. Massive petrochemical capacity additions — polyester (5 mtpa), vinyl (3.9 mtpa), and carbon fiber (20 ktpa) by FY27 — remain key milestones to track.
Reliance AGM 2025 Live: Can investors expect IPO timelines in this year's AGM?
Reliance AGM 2025 Live: The investors are waiting for a possible surprise IPO for its telecom arm Jio, as billionaire Mukesh Ambani prepares to address 44 lakh shareholders of India’s largest conglomerate at Reliance Industries' (RIL) Annual General Meeting (AGM) today.
"As the majority of strategic business announcements are made during AGM, many investors are expecting incremental updates on potential IPO timelines from AGM," BofA Securities said.
Back in the 2019 AGM, Ambani had told shareholders that they will look to IPO the telecom and retail arms within five years. Since then, there has been no update leaving RIL shareholders desperately waiting for clarity on potential timelines and valuations for a Jio IPO that could serve as a massive trigger for the bluechip Nifty stock.
Read more: RIL AGM: Will Mukesh Ambani surprise with Reliance Jio IPO announcement?
"As the majority of strategic business announcements are made during AGM, many investors are expecting incremental updates on potential IPO timelines from AGM," BofA Securities said.
Back in the 2019 AGM, Ambani had told shareholders that they will look to IPO the telecom and retail arms within five years. Since then, there has been no update leaving RIL shareholders desperately waiting for clarity on potential timelines and valuations for a Jio IPO that could serve as a massive trigger for the bluechip Nifty stock.
Read more: RIL AGM: Will Mukesh Ambani surprise with Reliance Jio IPO announcement?
Reliance AGM 2025 Live: How did the conglomerate perform in Q1FY26
Reliance AGM 2025 Live: The Reliance Industries reported a 78% year-on-year increase in its Q1FY26 consolidated net profit to Rs 26,994 crore, compared to Rs 15,138 crore in the year-ago period. The rise in profit was primarily driven by a one-time gain from the sale of the company's stake in Asian Paints, which contributed to Rs 8,924 crore in other income. The profit, attributable to the owners of the company, exceeded Street estimates of Rs 22,069 crore.
Reliance AGM 2025 Live: How RIL performed in FY25
Reliance AGM 2025 Live: Reliance Industries reported Rs 80,787 cr of Profit After Tax (PAT) in FY25. The performance of key verticals of the company is as follows:
Reliance Retail recorded a Gross Revenue of Rs 330,943 crore for FY25 with a growth of 7.9% over the last year. It has registered an EBITDA of Rs 25,094 crore, growing by 8.6% Y-o-Y. Strategic partnerships such as Shein, Asos, Delta Galil, and Saks Fifth Avenue helped place Reliance Retail as the partner of choice for international brands entering India.
Reliance Retail recorded a Gross Revenue of Rs 330,943 crore for FY25 with a growth of 7.9% over the last year. It has registered an EBITDA of Rs 25,094 crore, growing by 8.6% Y-o-Y. Strategic partnerships such as Shein, Asos, Delta Galil, and Saks Fifth Avenue helped place Reliance Retail as the partner of choice for international brands entering India.
Reliance AGM 2025 Live: RIL shares trade flat ahead of AGM today
Shares of Reliance Industries Ltd (RIL) were trading flat, with a slightly positive bias, touching their day’s high of Rs 1,395 on the BSE ahead of the oil-to-telecom conglomerate's much-anticipated Annual General Meeting (AGM) at 2 PM.
Reliance AGM 2025 Live: Will Reliance Industries shares break 4-year streak of letdowns?
Four years, four annual general meetings, four disappointments. That’s been the experience for Reliance Industries (RIL) shareholders, who have seen India’s most valued company repeatedly fall short of the fireworks investors expect from its much-anticipated AGMs. This time, however, could be different, not because expectations are higher, but because they’re finally lower.
Read more: RIL AGM today: Will Reliance Industries shares break 4-year streak of letdowns?
Read more: RIL AGM today: Will Reliance Industries shares break 4-year streak of letdowns?
Reliance AGM 2025 Live: Jio's AI strategy on the cards
Reliance AGM 2025 Live: BofA expects the Ambanis to speak on Jio's AI strategy. "We note that with an intention to streamline AI adoption, Jio is developing a comprehensive suite of tools called JioBrain (AI service platform)," the brokerage said.
Reliance AGM 2025 Live: Investors expecting petchem expansion progress
Reliance AGM 2025 Live:
Investors are expecting updates on progress on RIL’s massive petchem expansion.
"Amid volatility in regional refining and petchem spreads, we believe Reliance's O2C segment is well placed due to its enhanced integration (between refining and petchem complexes), dynamic crude sourcing (varied global crude mix) and feedstock flexibility (ethane, naphtha and refinery off-gas). We estimate Reliance's gross refining margins (GRMs) to improve from FY25 levels to around US$10/bbl in FY26-27E, with improvement in regional refined produce spreads,” UBS said.
Investors are expecting updates on progress on RIL’s massive petchem expansion.
"Amid volatility in regional refining and petchem spreads, we believe Reliance's O2C segment is well placed due to its enhanced integration (between refining and petchem complexes), dynamic crude sourcing (varied global crude mix) and feedstock flexibility (ethane, naphtha and refinery off-gas). We estimate Reliance's gross refining margins (GRMs) to improve from FY25 levels to around US$10/bbl in FY26-27E, with improvement in regional refined produce spreads,” UBS said.
Reliance AGM 2025 Live: Focus on AI updates
Reliance AGM 2025 Live: The telecom arm is building JioBrain, a comprehensive AI service platform, as part of its ecosystem strategy for consumer and enterprise digital services. Investors also expect updates on the homegrown 5G stack and the expansion of JioAirFiber.
Reliance AGM 2025 Live: What are the expectations for the new energy business?
Reliance AGM 2025 Live: New Energy Updates
Any new updates on the new energy business could be viewed positively. BofA highlighted that "RIL is transforming into a deep-tech and advanced manufacturing entity. In its Solar and Battery Giga-Factories, engineering work is completed, procurement is finalized, and equipment deliveries are expected in 2025. The first giga-watt+ scale solar PV module line commenced operations recently."
Read more: RIL AGM today: 5 things that investors expect & should you buy the stock?
Any new updates on the new energy business could be viewed positively. BofA highlighted that "RIL is transforming into a deep-tech and advanced manufacturing entity. In its Solar and Battery Giga-Factories, engineering work is completed, procurement is finalized, and equipment deliveries are expected in 2025. The first giga-watt+ scale solar PV module line commenced operations recently."
Read more: RIL AGM today: 5 things that investors expect & should you buy the stock?
Reliance AGM 2025 Live: Russian oil deals to put spotlight on RIL's core business at the AGM
Reliance AGM 2025 Live: Reliance Industries Ltd.’s annual investor gatherings have long been a red-letter day in the Indian financial calendar, with shareholders anticipating ambitious targets, bold statements and a rare sighting of a billionaire lauded for his business acumen.
Ambani’s closely watched speech, the highlight of Friday’s proceedings, is likely to touch on geopolitical ructions — but not on Russia, a person familiar with the proceedings said. He instead will seek to focus on other businesses, including the digital operation and developments like artificial intelligence, the person said, asking not to be named as the matter is sensitive.
Read more: Russian deals put Reliance oil core in focus at its Annual General Meeting
Ambani’s closely watched speech, the highlight of Friday’s proceedings, is likely to touch on geopolitical ructions — but not on Russia, a person familiar with the proceedings said. He instead will seek to focus on other businesses, including the digital operation and developments like artificial intelligence, the person said, asking not to be named as the matter is sensitive.
Read more: Russian deals put Reliance oil core in focus at its Annual General Meeting
Reliance AGM 2025 Live: Will there be any announcements on IPO timeline for Jio and Reliance Retail?
Reliance AGM 2025 Live: With 44 lakh shareholders anxiously awaiting billionaire Mukesh Ambani to announce the timeline for what could be the mother of all IPOs in Dalal Street history, Reliance Industries (RIL) will hold its AGM today, August 29 at 2 PM.
"We expect Jio value unlocking in 12-18 months as it reaches 'maturity' with mid teens growth and growing cash flows," UBS analyst Navin Killa said, adding that listing of the retail business could be 2-3 years away as online businesses and the group's own house of consumer brands may need time to scale up. In the 2019 AGM, RIL chairman had mentioned that they will look to IPO telco and retail within 5 years but there has been no update since then. As the majority of strategic business announcements are made during AGM, many investors are expecting incremental updates on potential IPO timelines.
Read more: RIL AGM today: 5 things that investors expect & should you buy the stock?
"We expect Jio value unlocking in 12-18 months as it reaches 'maturity' with mid teens growth and growing cash flows," UBS analyst Navin Killa said, adding that listing of the retail business could be 2-3 years away as online businesses and the group's own house of consumer brands may need time to scale up. In the 2019 AGM, RIL chairman had mentioned that they will look to IPO telco and retail within 5 years but there has been no update since then. As the majority of strategic business announcements are made during AGM, many investors are expecting incremental updates on potential IPO timelines.
Read more: RIL AGM today: 5 things that investors expect & should you buy the stock?
Reliance AGM 2025 Live: All eyes on IPO plans and more by Ambanis
Reliance AGM 2025 Live: Mukesh Ambani-led Reliance Industries Ltd (RIL) will on Friday hold its 48th Annual General Meeting (AGM) at 2:00 PM. The meeting will be held through a Video Conferencing (VC) Other Audio-Visual Means (OAVM).
