Skip to main content

Reliance Industries Limited AGM Conduct On 15th July,2020 Though Video Conferencing


Description



Reliance Retail Limited is a subsusidiary company of Reliance Industries Limited. In a regulatory filing, RIL -the country's most valueable company-said "the 43rd AGM will be held on Wednesday , July 15,2020 at 2 pm though video conferencing / other audio-visual means."

Des

AGM preview - what should one look out for after the big de-leveraging exercise: RIL is due to hold its AGM on 15 July this year. Unlike other companies, investors closely watch RIL's AGM, as the chairman lays out the company strategy, makes new announcements and gives key business updates at the AGM each year. Last year's AGM was about making the company net debt free, and we have seen —$20bn of stake sale/equity issuances since then. In our view, with Jio Platforms' (JPL) stake sale broadly done for the time being, the focus could shift to Reliance Retail and whether the company announces any new strategic partner for Reliance Retail. Given the annual report (Reliance Industries Ltd: AR Quick Takeaways - Jio Mart-FB-Retail Partnership: Jio Platforms: Not Many Details on Monetization) had comments on Reliance Retail's digital initiative, Jio Mart rollout and the Reliance Retail-WhatsApp-Jio Platforms partnership, we expect more detail on JioMart's rollout at the upcoming AGM. There have been reports in the media (e.g., Bloomberg) about RIL looking to acquire more retail assets (Future Group assets were mentioned in the reports). As the Jio Platforms stake sale seems broadly done, the focus has now shifted to its potential listing for Jio Platforms and Reliance Retail.


Sandip Ginodia , CEO

ALTIUS INVESTECH PVT LTD

We deal in over 60 unlisted companies with 15 years of experience .
For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .

Labels:

Comments

Post a Comment

Please leave your name and email id along with the comment .
Get the updates from this blog direct to your inbox . Fill in your email id on the home page.

Popular posts from this blog

HDFC Life inks distribution tie-up with Catholic Syrian Bank

HDFC Life  has entered into a  bancassurance  (the selling of life assurance and other insurance products and services by banking institutions) tie-up with Catholic Syrian Bank to distribute its individual life insurance products to the private lender’s customers. HDFC Life will offer its leading range of individual life insurance, health and pension products to the Catholic Syrian Bank’s  1.5 million  customer base across all its branches over a period of time. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD | ABHISHEK SECURITIES We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com
1 comment
Read more

Stock broker SMC Global files for IPO

F inancial services company SMC Global Securities has filed draft red herring prospectus with SEBI for public issue of 1,58,67,380 equity shares of face value of Rs 2 each. The issue comprises a fresh issue of 79,33,690 equity shares by the company and an offer for sale of 79,33,690 shares by Millennium India Acquisition Company Inc. As of September 30, 2012, "We service our broking clients through a network of 43 branches and 2,521 registered sub-brokers and authorized persons spread in more than 500 cities and towns. We have also established an office in Dubai for brokerage and trading activities in that region," the company said. SMC has reported a loss of Rs 0.42 crore and total revenues of Rs 292.24 crore in the year ended March 31, 2012. "The proceeds of the fresh issue shall be utilised for margin maintenance with stock exchanges; part repayment of term loan; investments into subsidiary, SMC Comtrade; and general corporate purposes," according to p...
10 comments
Read more

NBI Industrial Finance Limited

NBI Industrial Finance Limited , Strand Road, Kolkata-700001 NBI Industrial Finance Limited was originally incorporated in Lahore in 1935 as The New Bank of India Limited. Dr. Ganeshi Lal Aggarwal and Mr. Kohli were the original promoters. After 1947 the Registered office was shifted to New Delhi. To provide for the losses due to partition the face value of the share was reduced from Rs. 10 to Rs. 5 . Later, The New Bank of India Ltd. was nationalised. Most of the non promoter shareholders took cash compensation. The Registered Office of the Company was shifted from Connaught Place, New Delhi to Strand Road , Kolkata. The share's face value was consolidated to Rs. 10. Share Capital : Rs. 1 cr 12 lakh Reserves : Around Rs.11 cr  NBI Industrial Finance Company is , now , the investment holding Company of Bangurs ( Benu Gopal Bangur of Shree Cement group ). They were the promoters of New Bank of India at the time of nationalisation. As the Company has holding of Shree Cement Ltd. it...
8 comments
Read more