Today's 45th Annual General Meeting of Reliance will feature highlights - Mukesh Ambani's succession plan

Reliance Industries will hold its 45th Annual General Meeting on August 29 at 2 p.m. RIL will be simulcasting it on a virtual reality platform as well as five social media platforms as it takes another leap in digitally connecting people at the annual shareholders meeting. Reliance Industries is likely to make announcements about the company's 5G rollout, and how RIL chairman and CEO Mukesh Ambani plans to unlock the value of its telecom and retail units The company's

CEO, Mukesh Ambani, has plans for when and how his children would take over the reins as well as how to separate the value of the company's retail and telecom businesses. At the 45th Annual General Meeting, the 65-year-old millionaire will digitally address the shareholders in the immersive, interactive 3D world of the metaverse. Ambani's once-a-year AGM address comes as the refining and retail group faces the twin challenges of a global recession and the meteoric rise of

Gautam Adani, whom earlier this year eclipsed the RIL chairman as Asia's richest man, and is emerging. as an alternative power center in the corporate field. The patriarch hinted that succession planning at the top of Reliance would be accelerated at last year's shareholder meeting, and he reiterated it explicitly in December. His three children - daughter Isha and sons Akash and Anant - already hold various directorships in the group's unlisted companies and are increasingly visible in their management.