RIL share price trades with marginal gains; investors shift focus to AGM on August 28
₹2,515 against the previous close of ₹2,510.15 and rose more than half a per cent to the level of ₹2,528.35 in the next few minutes. The stock traded 0.53 per cent higher at ₹2,523.40 around 9:30 am. Shares of Reliance Industries have witnessed some traction in the last one month rising about 6 per cent against a flat Sensex.
However, RIL shares are down over 2 per cent in the last one year while the equity barometer Sensex has jumped almost 13 per cent in the same period. RIL will hold its 46th Annual General Meeting (AGM) on August 28, 2023, at 2:00 PM (IST), through video conferencing. Experts expect the company to make some announcements about the listing of Jio Financial Services (JFS).
Last month, Reliance demerged JFS, which was valued at around $20 billion after its stock price was set at a much higher-than-expected ₹261.85. Read more: Reliance Industries announces AGM date, record date for final dividend As Mint reported earlier, RIL expects shares of its financial services business to be listed soon as the conglomerate seeks to propel its recently carved-out unit into India’s largest non-banking lender, leveraging the prowess of the digital and retail businesses. Read more: Jio Financial listing to green hydrogen boost - RIL annual report highlights expansion plans Meanwhile, Reliance Industries seeks the appointment of Mukesh Ambani as chief executive for another 5 years at nil salary according to a company shareholder resolution.
Read more on livemint.com
