Shareholders expect Reliance Industries to unlock value in telecom, retail

Timeline for the listing of Jio Platforms and retail likely in next annual general meeting

Institutional shareholders of Reliance Industries Limited (RIL) are expecting big-ticket announcements from the company, including timeline for listing of its telecom and retail subsidiaries. They expect this to unlock value in the company, which has seen a sharp fall in market valuation on Friday.

This is due to windfall tax imposed by the Centre on refiners and oil producers.

“In the next annual general meeting of shareholders, we expect a clear timeline for the listing of Jio Platforms and retail,” said an official with a government insurance company. “This would give a lot of assurance to the shareholders,” added the official.

According to