KR Choksey: RIL AGM 2020 - Key Takeaways
Reliance Industries Chairman Mukesh Ambani addresses RIL AGM 2020 on JioMeet on Wednesday.

KR Choksey: RIL AGM 2020 - Key Takeaways

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KR Choksey Report

Reliance Industries raised Rs 2,12,809 crore through Rights Issue, combined investments in Jio Platforms, and investment by British Petroleum. Five years ago, the EBITDA was solely driven by energy and materials business. Presently, it is comparatively diversified with exponential growth in consumer and technology business. Reliance is a zero net-debt company with strong balance sheet that will support growth plans for its three hyper-growth engines i.e. Jio, Retail and O2C.

The company has entered into strategic partnership with Facebook, Google and Microsoft. Marquee global investors like Silver Lake, Vista Equity Partners, General Atlantic, KKR and TPG have also invested in the company and have shown faith in its technology and growth enterprises. Google has signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7% stake in Jio Platforms. Global digital players like Qualcomm and Intel will work with Reliance to develop new products for India.

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KR Choksey RIL AGM Report.pdf


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