RIL AGM 2022: I will update you on Jio, Retail IPOs in my speech next year, says Mukesh Ambani

Billionaire Mukesh Ambani told shareholders of Reliance Industries Ltd that he will share an update on the planned initial public offer (IPO) of Reliance Retail and Reliance Jio in the annual general meeting of the company next year. His statements come at a time when shareholders, investors, and the street was abuzz that the conglomerate may make announcements on the IPOs during the conglomerate’s forty-fifth Annual General Meeting (AGM) on August 29.

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Jio 5G by Diwali: Fastest network to connect India's every corner by end-2023: Mukesh Ambani

To build a pan-India 5G network, Reliance Group has committed an investment of Rs 2 lakh crore and Reliance Jio has lined up an ambitious roll-out plan to make it the fastest in the world, said group Chairman and Managing Director Mukesh Ambani said at the 45th Annual General Meeting on Monday. “By December 2023, which is less than 18 months from today, we will deliver Jio 5G to every town, every taluka, and every tehsil of our country,” he said.

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Reliance Industries AGM 2022: RIL to build gigacomplex for power electronics

At Reliance Industries Ltd’s (RIL) annual general meeting today, Chairman Mukesh Ambani reiterated the company’s commitment to switching to greener fuel sources. RIL will build a new gigafactory for power electronics that will design and manufacture affordable and reliable power electronics, for telecommunications, cloud computing and IoT (internet of things) platforms.