The 46th Annual General Meeting of Reliance Industries is going to be held on Monday i.e. 28 August. During this, the eyes of all investors will be on Mukesh Ambani’s speech. Investors are hopeful that Mukesh Ambani can announce something special.

In the last few years, some big announcements from the Ambani family usually happen in the AGM. For this reason, the meeting to be held on Monday can be special. However, this year the Ambani family has made two big announcements, including the listing of Jio Finance Services and the decision to sell stake in Reliance Retail Ventures.

Preparing to bring IPO of retail business

It is worth noting that in the year 2019, in the AGM of RIL, Mukesh Ambani, for the first time, announced the group’s telecom and retail business. Announced plans to list At the same time, in the year 2020, Ambani had planned to raise a huge fund by selling stake in both Reliance Jio and Reliance Retail to major private equity firms and sovereign wealth funds.

After this Reliance Retail Ventures raised 47,265 Raised crores of rupees, due to which the price of the company has become Rs 4.21 lakh crores. The sharp expansion in valuations may attract private equity investors. In such a situation, it is expected that Ambani will add some color to the IPO of Reliance Retail in the AGM.