Mukesh may announce investment plans in RIL AGM
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.
OneIndia News