Reliance Industries in 2017, Chairman Mukesh Ambani got emotional while remembering his late father, Dhirubhai Ambani. Mukesh's mother Kokilaben Ambani burst into tears. Reliance Jio had come very close to the dream that Mukesh Ambani's father had decades ago. Dhirubhai used to say if you made a phone call cheaper than a postcard, you would revolutionise the lives of millions of Indians. Mukesh Ambani's Reliance Jio not only made a phone call totally free, it made even the handset cheaper than a postcard as it came free with a refundable deposit.
«I can feel as if he is sitting here, smiling and talking to me and to all of you,» Ambani said at the AGM. «I hear him telling me, 'Now, you are in my place. You have the responsibility to protect Reliance and promote the interests of all its shareowners, partners and employees. I am confident that you will take Reliance to greater heights'.» His mother, Kokilaben, was in tears and the audience applauded and broke into chants of «We love Jio».
That was hardly how an AGM — a dreary, number-crunching exercise between the shareholders and the company management — is generally expected to go.
The 46th AGM of Reliance on Monday
What will happen at the 46th AGM of Reliance on Monday, August 28? While nothing can be said about what Ambani will announce at the AGM, one thing is certain — as Reliance AGMs go, this one too will be one of the biggest annual corporate events of India, full of business announcments as well as personal outpourings.
All eyes on Jio Financial Services in the upcoming Reliance Industries Limited AGM
AGMs of companies are mostly sombre events offering little space for emotional expression or deep audience connect. But an AGM of Reliance
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