There are many issues about Reliance Industries that should engage its shareholders, but guess what they’re most worried about? Having been given ice cream coupons during annual general meetings so far, they now want coupons for chocolate wafers. At the recent AGM, a shareholder actually did make this suggestion to Mukesh Ambani. Ambani was good natured enough to reply that RIL would move with changing times and explore this option.
IPL vs RIL
Still others suggested that RIL should turn its IPL franchise Mumbai Indians into a subsidiary and list it on the bourses. That way, along with shares, shareholders should get passes for cricket matches. “We can do without dividends if we get passes for the matches,” said one of the shareholders. Did any of them notice where oil prices are going and what it means for India’s largest listed company?
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