Google To Invest Rs 33,737 Crore In Jio: Highlights Of Key Announcements In Reliance Industries' 43rd AGM
Reliance Industries AGM 2020: Billionaire Mukesh Ambani-led Reliance Industries held its 43rd annual general meeting (AGM) on Wednesday. In a first, the annual general meeting of oil-to-telecom conglomerate RIL - whose market capitalisation topped the Rs 12 lakh crore mark earlier this week - was conducted through a video webcast. Reliance Industries announced a slew of deals, including an investment of Rs 33,737 crore in its digital serves arm, Jio Platforms, by Alphabet Inc's Google. However, Reliance Industries' deal with Saudi Aramco has not progressed according to the scheduled time due to "unforeseen situation in the energy market and COVID-19 situation", Mr Ambani said in an address to the company's shareholders at the AGM. In June, Reliance Industries became net debt-free, reaching the milestone much ahead of a March 2021 announced by Mukesh Ambani in the previous AGM, held in August last year.Â
Here are highlights of billionaire Mukesh Ambani-led Reliance Industries' 43rd AGM:
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