Reliance AGM 2023: Mukesh Ambani, the Chairman of Reliance Industries Limited (RIL), has revealed that the subscriber count of Reliance Jio has now exceeded 450 million, accompanied by an average data consumption of 25 GB per user each month. Ambani noted that the collective data traffic per month on the Jio Network has reached an impressive 1,100 crore GB. He took the opportunity to extend his congratulations to both the scientists affiliated with the Indian Space Research Organisation (ISRO) and the entire nation for the successful landing of Chandrayaan-3. Following the formal announcements, shareholders of Reliance Industries will have access to an interactive Q&A session. This event is designed not only to unveil pivotal business developments within the conglomerate but also to spotlight its technological advancements.
Observers within the market are eager to ascertain whether Reliance will opt to publicly list its telecom and retail enterprises. Additionally, insights into the expansion plans of Jio Financial Services (JFS) are anticipated as part of the proceedings. The RIL AGM 2023 may also serve as a platform for disclosing investments made in the company's clean energy arm, Reliance New Energy. Isha Ambani, Executive Director of Reliance Retail, is slated to unveil the company's strategies for expansion as well as any forthcoming acquisitions. Moreover, there is speculation that RIL will introduce novel Jio 5G plans tailored for various cities across the nation. In an exciting prospect, the potential unveiling of the JioPhone 5G 2023 could transpire today, with a projected price point of under Rs 10,000.
In the trading arena, Reliance Industries shares have demonstrated a flat performance. The stock experienced a marginal decline of 0.04 percent, bringing its trading value to Rs 2,469 in comparison to the previous close at Rs 2,469.95. Independently, Reliance Industries has disclosed a collaborative understanding with The Oberoi Hotels and Resorts (Oberoi) to jointly manage a trio of properties located in India and the UK.
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