Reliance Industries shares fell over 2% at 2:45 pm during the ongoing Annual General Meeting. The highlight of the Annual General Meeting was Jio’s IPO, which the chairman said is expected in the first half of 2026. Among other major announcements, the Jio IPO announcement was the most watched and was in line with the expected announcements at Reliance’s Annual General Meeting. However, investor sentiment remains pessimistic as they expected the telco to go public in 2025.
After the recent decline from its 52-week high of ₹1,544 per share on the NSE, Reliance shares have performed steadily in 2025 and have returned 14% on a year-to-date basis.
Reliance Annual General Meeting (AGM) Key Announcements
Reliance Industries Chairman and Managing Director Mukesh Ambani on Friday, August 29 said that Reliance Industries is all set to apply for the sale of its shares through an initial public offering (IPO) by the first half of 2026.
Mukesh Ambani on Friday, August 29 announced a partnership with Google and Meta for artificial intelligence (AI).
The company announced that a new subsidiary focused on Reliance Intelligence will build gigawatt-scale, AI-ready data centers, powered by green energy and designed for training and inference on a national scale.
The new company will bring together the world’s best tech companies and open-source communities. It will also provide reliable, easy-to-use AI services for consumers, small businesses and enterprises, and solutions for areas of national importance.
Isha Ambani on Friday announced that the consumer products business, RCPL, is set to become a direct subsidiary of RIL.
Commenting on the prospects of the consumer products business, Isha Ambani said, “India’s consumer market is a high-growth opportunity of $2 trillion, growing at over 8% annually. We need a strategic approach to capitalise on this opportunity. Our 350 million middle-class households have a combined purchasing power of over ₹100 lakh crore ($1.2 trillion). They also represent 600 million digitally native and increasingly brand-conscious consumers who seek premium experiences at affordable prices.
For the first time in India’s history, rural markets, with 900 million consumers, are driving 65% of FMCG growth. They are adopting global-quality branded products faster than urban markets, and their penetration is growing at 35% annually.
