Ambani 'bahu' makes debut at Reliance Industries AGM

MUMBAI: Shloka Mehta, the to-be daughter-in-law of richest Indian Mukesh Ambani, on Thursday made a debut at the yearly shareholder assembly of Reliance Industries, one of the most keenly watched affairs in company India.

Mehta, 27, who simply remaining week were given engaged to Ambani's elder son Akash at a star-studded birthday celebration, sat in the entrance row between her fiancee's younger brother Anant and his grandmother Kokilaben Ambani.

She watched as Akash and his dual sister Isha demonstrated the company's newest providing, high-speed fiber broadband, and second-generation JioPhone.

Ambani arrived for the 41st Annual General Meeting (AGM) together with his spouse Nita and Anant. Akash and Isha followed in a separate car.

The Ambani circle of relatives owns 47.48 in step with cent of the rustic's largest company entity.

The AGM, on the other hand, was a restrained or transactional affair, with product launches, demos and long term outlook being presented through Ambani, the chairman and managing director.

Compared to the remaining AGM, where shrill cries on Jio, the company's newly launched cell providing continued all through, all of the affair was very subdued today, even if Ambani scions Akash and Isha presented new products and contours on Jio.

Shloka made an exit with Isha halfway when the shareholder questions were still on. The questions by no means ended and had to be cut quick because of time constraints.

Akash and Shloka are to get married in December, the same month when Isha is to wed Anand Piramal. Anand, son of Ajay Piramal and Swati Piramal, was now not provide on the AGM.

Shloka is the youngest daughter of diamond multi-millionaire Russell Mehta, who heads rosy Blue Diamonds. This was her first time out with the Ambani circle of relatives after remaining week's pre-engagement and engagement events that were attended through best celebrities together with film stars, sportspersons, and politicians.

At the AGM, many shareholders raised issues at the low dividend payout and devised ingenious strategies, together with the wish to distribute 'sweets' on glad occasions, hinting on the forthcoming weddings of Akash and Isha.

In his quick reply, the dividend payout issues were the one subject which were given touched through Ambani.

He mentioned the company understands the wish to increase the shareholder returns and satisfaction and confident that it's going to be appeared into as a priority.

Other questions included whether the company will list the retail and telecom ventures, and issues at the payments bank rollout, spectrum purchase from Anil Ambani's Reliance Communications, and have an effect on of movements in buck and crude costs.

Mukesh Ambani confident he has noted down all the questions, issues and proposals, and can for my part deal with those to the shareholders.

Explicit mentions of Prime Minister Narendra Modi and his flagship schemes like Digital India were also missing in the AGM speech, which comes months ahead of general elections.


At the remaining AGM, Ambani had made a couple of mentions to Modi's Digital India imaginative and prescient, searching for to underline how it resonates with RIL's imaginative and prescient.


There were announcements on healthcare which is in step with the Ayushman Bharat initiative, connectivity (Digital India) and hooked up houses (Smart Cities Mission), where an alignment with the government schemes was conceivable.


The Reliance Industries scrip closed 2.53 in step with cent down at Rs 965 a piece on BSE, as opposed to a nil.20 in step with cent correction at the benchmark.


Ambani 'bahu' makes debut at Reliance Industries AGM Ambani 'bahu' makes debut at Reliance Industries AGM Reviewed by Kailash on July 05, 2018 Rating: 5
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