Mukesh Ambani-led Reliance Industries (RIL) will hold its 44th Annual General Meeting (AGM) on June 24, at 14 hours IST. The event is closely watched by Dalal Street and this time is expected to be no different.
RIL, which has a track record of meeting its target ahead of deadlines, is expected to make announcements across its telecom, retail and O2C business.
"In the upcoming AGM, Reliance is likely to announce kickstarting 5G services which might begin in late 2021. Moreover, 5G phones are likely to be revealed in the AGM which might be another interesting development to watch out for," Gaurav Garg, Head of Research at CapitalVia Global Research told Moneycontrol.
In the last AGM, Chairman Mukesh Ambani said Jio designed and developed a complete 5G solution from scratch, enabling the company to launch a world-class 5G service in India, using 100 percent homegrown technologies and solutions.