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Takeaways from Reliance’s AGM: succession plan, 5G rollout by Diwali, investment of Rs. 75,000 crore in petchem, and more

Mukesh Ambani, the chairman of Reliance Industries, made significant statements at the 45th annual general meeting of the oil-to-telecom behemoth, including the debut of 5G telephony by Diwali and revealing clear signals about his succession plan. Ambani disclosed a Rs 2 lakh crore investment plan for the implementation of 5G telephony by Diwali in major…

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The succession of Mukesh Ambani and spin offs were discussed during the Reliance shareholder meeting

Like Warren Buffett’s yearly letters to Berkshire Hathaway shareholders, Mukesh Ambani’s once-a-year speech to investors has grown over time into a much-anticipated declaration on his $222 billion enterprise. Investors in Reliance Industries Ltd. will be watching on Monday for information about the company’s 5G deployment, how he intends to divide his retail and telecom businesses…

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