Mukesh Ambani Addresses Reliance AGM Highlights

At the 47th Annual General Meeting of Reliance Industries, Chairman Mukesh Ambani emphasized the significant growth of Network18's news business, highlighting its leadership in both general and business news. He noted that News18 achieved a reach nearly 50% higher than the IPL final during the recent election count and that CNBC-TV18 dominated viewership on Budget Day. Ambani also outlined Network18's digital advancements, including Moneycontrol's rise as a top fintech platform with over 70 million unique visitors and Firstpost's ambitious global aspirations. In addition to media updates, shareholders anticipate insights into Reliance Jio and Reliance Retail's potential IPOs, alongside developments in clean energy initiatives and 5G strategies. Historical trends show mixed stock performance surrounding AGM events, with declines observed on most AGM days, but gains often following the meetings. Overall, Ambani's address aims to reassure investors of Reliance's growth trajectory and future plans.