Bengaluru, Aug. 29 -- The shares of one of India's largest private companies operating in sectors such as energy, petrochemicals, telecommunications, retail, and renewable energy, dropped by 2.23 percent after Mukesh Ambani's address at the Annual General Meeting.

With a market capitalization of Rs.18,36,424 crore, the shares of Reliance Industries Limited closed at 1,357, down by 2.21 percent from the previous day's closing price of Rs.1,387.

Mukesh Ambani's Announcements On 29th August 2025, Muskesh Ambani addressed 44 lakh shareholders at the company's AGM, announcing that the highly anticipated Reliance Jio IPO will take place in the first half of 2026.

According to BOFA, Jio is valued at $115Billion based on its projected cash f...