Mukesh may announce investment plans in RIL AGM

Written by: Samyuktha
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New Delhi, Jun 18: All eyes are on the Reliance Industries Annual General Meet (AGM) as the Ambani brothers are not only expected to come together after years of legal battle but also because Mukesh Ambani is expected to announce massive investment plans.

Mukesh Ambani's investments are most likely to be in the fields of power, finance and telecom.
With the Supreme Court scrapping the family MoU signed between the brothers in the presence of mother Kokilaben in 2005, these sectors have opened up for the company.

There are speculations that RIL may pick minority equity in three companies. One among these three companies is the Anil Amabni-led Reliance Communications.

Reports also suggest that Anil Ambani, along with his wife Tina and mother Kokilaben
will attend the RIL AGM on Friday, Jun 18, which marks the completion of the five years since the family agreement was signed on Jun 18, 2005.

Mukesh Ambani is expected to address to RIL shareholders at Mumbai's Birla Matoshree auditorium. This will be the first ever address from the 53-year-old industrialist after the Supreme Court judgment on the KG Basin gas pricing dispute.

There are hopes that Mukesh will comment on the pricing dispute and supply of gas from RIL's KG-D6 fields to Anil Ambani Group's power plants as he has not made any comments during the dispute.

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