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Reliance AGM 2023 Updates: Several important decisions were taken in the 46th Annual General Meeting (AGM) of Reliance Industries, the country’s largest company in terms of market cap. However, investors waiting for Reliance Retail’s IPO have yet again received a shock. The company has not made any announcement regarding the IPO. Earlier there were reports that an IPO related announcement may be made at the annual meeting of Reliance Industries this year.
What did Ambani say?
Mukesh Ambani says that currently the valuation of Reliance Retail has increased to 8.28 lakh crore rupees. In 2020 it was Rs 4.28 lakh crore. Reliance Retail achieved a revenue of ₹ 2,60,364 crore in FY 2013. At the same time, the company has an EBITDA of ₹17,928 crore and a net profit of ₹9,181 crore. Mukesh Ambani said that Reliance Retail is one of the fastest growing retailers in the world.
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