InvestorQ : What is the big expectation in the Reliance AGM this time around?
Katherine Gonsalves made post

What is the big expectation in the Reliance AGM this time around?

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rhea Babu answered.
6 months ago
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The 2021 AGM of Reliance Industries is likely to shift focus to the O2C or the oil to chemicals business once again. It is expected to most likely revive the announcement made in the 2019 AGM pertaining to the proposed sale of stake in the O2C business to Aramco. Back then it was said to be worth $15 billion for a 20% stake but it could not fructify due to COVID and fall in oil prices. Now that could happen in the 2021 AGM.

There have been reports that a representative from Aramco could join the RIL Board, but we have to wait for now. However it does promise to be another interesting AGM with a lot of grist for the analyst mills.

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