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Mukesh Ambani’s Promise to Investors on Jio IPO Will Be Tested This Week
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Mukesh Ambani’s Promise to Investors on Jio IPO Will Be Tested This Week The long-running saga over the listing of Reliance Industries Ltd.’s digital unit comes to a head this week, as investors watch whether its billionaire chairman Mukesh Ambani can walk the talk from last year. Shareholders of the energy-to-entertainment conglomerate will hear updates from Ambani on Friday at the company’s 49th annual general meeting — a video address that has drawn comparisons to Warren Buffett’s yearly...
Mukesh Ambani’s Promise to Investors on Jio IPO Will Be Tested This Week
The long-running saga over the listing of Reliance Industries Ltd.’s digital unit comes to a head this week, as investors watch whether its billionaire chairman Mukesh Ambani can walk the talk from last year.
Shareholders of the energy-to-entertainment conglomerate will hear updates from Ambani on Friday at the company’s 49th annual general meeting — a video address that has drawn comparisons to Warren Buffett’s yearly letters to Berkshire Hathaway Inc. investors. It was at last year’s shareholder meeting that Ambani spoke of Reliance looking to list its subsidiary Jio Platforms Ltd. by June 2026, capping a years-long wait for the digital and telecommunications company to go public.
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