India, May 29 -- Reliance Industries Ltd. (RIL) will seek shareholder approval at its 49th Annual General Meeting (AGM) for related-party transactions worth more than Rs 16.64 lakh crore involving its digital business subsidiaries, Jio Platforms and Reliance Jio Infocomm, over the next five financial years.
According to the AGM notice, the meeting is scheduled for June 19, 2026. The proposed transactions are part of routine business arrangements within the Reliance group and are aimed at supporting the operations of its telecom and digital services businesses.
A significant portion of the proposed value, exceeding Rs 13 lakh crore, relates to telecom services that Reliance Jio is expected to provide through the extensive retail network of...