Reliance Industries’ profits are under pressure and it is sitting on a pile of cash it doesn’t seem to know what to do with. But what are shareholders of India’s largest listed company by market capitalisation really interested in? The promoter’s private life! At Reliance’s recent annual general meeting (AGM) some shareholders wanted to know the meaning of Antilla, the name of Chairman Mukesh Ambani’s lavish home in south Mumbai and another asked how it should be pronounced. Another sought permission for himself and his granddaughter to tour the 27-storey residence. Still others asked whether Ambani shopped at Reliance Fresh, and added that the quality of vegetables and milk at these outlets was not fresh. Unsurprisingly, Ambani did not respond to these miscellaneous queries.
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