June 2, 2011

RIL AGM

Lakhs of investors will eagerly wait for some major announcements from corporate giant Reliance Industries' chief Mukesh Ambani , when he addresses the company's annual shareholder meet here tomorrow.

Ambani is expected to announce a slew of initiatives for both existing and new businesses of the energy-to-retail conglomerate, possibly through multiple partnerships and potential acquisitions.

At RIL's 37th Annual General Meeting, Ambani might underline a roadmap for RIL's foray into new areas like financial services, telecom and power, as also the expansion of its existing businesses like energy, textiles and retail.

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