Reliance Industries shares end over 2% lower on AGM day
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Shares of Reliance Industries Ltd (RIL) slipped 2.32% lower to settle at Rs 1,355.45 on the BSE on Friday, even as Chairman Mukesh Ambani told shareholders at the conglomerate's Annual General Meeting (AGM) that the much-awaited IPO of Reliance Jio, which could be the largest in the history of Dalal Street, would come in the first half of 2026. With 44 lakh shareholders tuned in, Mukesh Ambani said that Reliance Jio can generate value on par with its global peers, telling investors at the annual general meeting that the long-awaited IPO will be a very attractive opportunity for those looking to buy in. A 4-year streak of letdowns Reliance stock has slipped after each of the past four AGMs, highlighting a pattern of inflated expectations followed by muted announcements. Last year, shares lost 4.6% in the 10 days following the meeting after the company offered little beyond long-term growth guidance for Jio and Retail. Similar post-even...