Corporate Papers And Documents

16/07/2020

GENERAL MEET #2020 THE COMPANY ANNOUNCED PARTNERSHIP WITH . AMBANI ANNOUNCES THAT GOOGLE WILL INVEST RS 33,737 CR FOR A 7.7% STAKE IN JIO PLATFORMS. IN ADDITION, JIO ALSO REVEALED THAT THE COMPANY IS DEVELOPING JIO TV PLUS, , AND MORE. THE COMPANY ALSO ANNOUNCED DETAILS ABOUT AND .



Ambani said, “Jio has developed a complete 5G solution from scratch that will enable us to launch a world-class 5G service in India.” The telecom operator promises 100 percent home developed 5G. Trials to start soon and will be ready for field deployment by next year. Ambani also announced that Google and Jio are partnering to build an Android based smartphone operating system

has designed and developed a complete 5G solution from scratch. It will be ready for trials as soon as the 5G spectrum is available and can be ready for field deployment next year. The announcement was made by Mukesh Ambani at the company’s 43rd annual general meeting (AGM).

Google and Jio are partnering to build an that could power a value engineered, entry-level 4G/5G smartphone. "The Jio-Google partnership is determined to make India ," Ambani said. "As India is standing at the doorsteps of the 5G era, we should accelerate the migration of 350 million Indians, who currently use a 2G feature phone, to an affordable smartphone," he added.

JioMart is built on two components powerful omnichannel tech platform and widespread physical network of Reliance retail. JioMart is built for kiranas as well as customers. The platform was launched a few months ago in beta in 200 cities. As an introductory offer customers will get Covid-19 kit with the first order, said Isha Ambani. Jio is working with WhatsApp to offer customers seamless experience in the future.

Ambani said, “Jio has developed a complete 5G solution from scratch that will enable us to launch a world-class 5G service in India.” The telecom operator promises 100 percent home developed 5G. Trials to start soon and will be ready for field deployment by next year. Ambani also announced that Google and Jio are partnering to build an Android based smartphone operating system

Reliance Jio has designed and developed a complete 5G solution from scratch. It will be ready for trials as soon as the 5G spectrum is available and can be ready for field deployment next year. The announcement was made by Mukesh Ambani at the company’s (AGM).

Google and Jio are partnering to build an Operating System that could power a value engineered, entry-level /5G smartphone.
"The Jio-Google partnership is determined to 2G-mukt," Ambani said. "As India is standing at the doorsteps of the , we should accelerate the migration of 350 million Indians, who currently use a 2G feature phone, to an affordable smartphone," he added.

JioMart is built on two components powerful omnichannel tech platform and widespread physical network of Reliance retail. JioMart is built for kiranas as well as customers. The platform was launched a few months ago in beta in 200 cities. As an introductory offer customers will get Covid-19 kit with the first order, said Isha Ambani. Jio is working with WhatsApp to offer customers seamless experience in the future.

Reliance Jio also launched Jio’s latest innovation, Jio Glass. "The Jio Glass is at the cutting edge of technology that provides best-in-class Mixed Reality services to give users a truly meaningful immersive experience," Kiran Thomas at .

"Jio Glass is making teachers and students come together in 3D virtual rooms and conduct holographic classes through our Jio Mixed Reality cloud in real-time. With JioGlass, the traditional way of learning Geography will now be History," he further added.

Reliance announces at AGM 2020. It is a content aggregator that delivers TV channels, shows and movies and much more from various apps and services. Jio TV Plus feature aggregated content from over 12 leading global OTT players such as , , , , , , , , and many others: Akash Ambani at .

Through the Jio App Store on the Set TopBox, one will be able to can access internet applications across multiple genres such as , , , , , , , and more. Ambani said, "Through Jio Developers program, any can develop, launch and monetize their apps. Developers who wish to partner with Jio can visit http://developer.jio.com for details."

'Jio has developed a complete 5G solution from scratch that will enable us to launch a world-class 5G service in India,' Ambani says. The telecom operator promises 100% home developed 5G. Trials to start soon and will be ready for field deployment by next year.

Mukesh Ambani announces that Google will invest Rs 33,737 cr for a 7.7% stake in Jio Platforms. Reliance is now a zero net-debt company, says Ambani.

Ambani welcomes partners Facebook, Silverlake, KKR, TPG, Intel and Qualcomm, among others at AGM 2020 event.
Reliance Jio introduced JioMeet -- a cloud video conferencing platform - has been downloaded by 5 million users so far. The Annual General Meet 2020 is being hosted via JioMeet. The platform was launched in the country last month to take on the likes of , and more.

Shareholders will expect to announce revenue growth plans for . Reliance has raised over Rs 1 lakh crore from Jio Platforms by selling 25.24 per cent stake to marque investors at nearly Rs 5 lakh crore valuation in the last few months. Ambani has promised to make Jio a public company in the coming five years and today he could announce future plans and how he expects to achieve the goal.

Reliance Jio also launched Jio’s latest innovation, Jio Glass. "The Jio Glass is at the cutting edge of technology that provides best-in-class Mixed Reality services to give users a truly meaningful immersive experience," Kiran Thomas at . "Jio Glass is making teachers and students come together in 3D virtual rooms and conduct holographic classes through our Jio Mixed Reality cloud in real-time. With JioGlass, the traditional way of learning Geography will now be History," he further added.

Reliance announces JioTV at AGM 2020. It is a content aggregator that delivers TV channels, shows and movies and much more from various apps and services. Jio TV Plus feature aggregated content from over 12 leading global OTT players such as Netflix, Amazon Prime, Disney Hotstar, Voot, SonyLiv, Zee5, JioCinema, JioSaavn, YouTube and many others: Akash Ambani at .

Through the Jio App Store on the Set TopBox, one will be able to can access internet applications across multiple genres such as entertainment, education, health, cooking, yoga, gaming, religion, and more. Ambani said, "Through Jio Developers program, any app developer can develop, launch and monetize their apps. Developers who wish to partner with Jio can visit http://developer.jio.com for details."

'Jio has developed a complete 5G solution from scratch that will enable us to launch a world-class 5G service in India,' Ambani says. The telecom operator promises 100% home developed 5G. Trials to start soon and will be ready for field deployment by next year.

Mukesh Ambani announces that Google will invest Rs 33,737 cr for a 7.7% stake in Jio Platforms. Reliance is now a zero net-debt company, says Ambani.

Ambani welcomes partners , , , , and , among others at AGM 2020 event.

Reliance Jio introduced JioMeet -- a cloud video conferencing platform - has been downloaded by 5 million users so far. The Annual General Meet 2020 is being hosted via JioMeet. The platform was launched in the country last month to take on the likes of Zoom, Google Meet and more.

will expect Mukhesh Ambani to announce revenue growth plans for Jio Platforms. Reliance has raised over Rs 1 lakh crore from Jio Platforms by selling 25.24 per cent stake to marque investors at nearly Rs 5 lakh crore valuation in the last few months.

Ambani has promised to make Jio a public company in the coming five years and today he could announce future plans and how he expects to achieve the goal.
Source:MNSNEWS

Author: SP CHAURASIA

23/06/2020

AMBANI PROMISED RIL TO BE DEBT FREE EVEN AFTER COVID PANDEMIC 2020 IN 42ND AGM HELD IN MUMBAI

Reliance Industries Chairman Mukesh Ambani on Monday tried to assuage investor concerns over the group's rising debt levels, saying the group has a clear roadmap to become zero net-debt company in 18 months April 2021.

The group ended last financial year with a net debt of Rs 1,54,478 crore.

Addressing the group's 42nd AGM conducted in Mumbai, Ambani said he was confident of growing the company's consolidated EBIDTA 15% annually over the next five years. He said the group's telecom vertical Reliance Jio and retail venture Reliance Retail would account for 50 per cent of the company's EBITDA soon.

Ambani said the fresh transactions with Saudi Aramco and BP will generate significant strategic value. The two transactions, which are expected to be completed in the ongoing financial year, may bring in Rs 1.1 lakh crore in total commitments.
Ambani said his company has received strong interest from strategic and financial investors in consumer businesses, Jio and Reliance Retail.

"We will induct leading global partners in these businesses in the next few quarters, and move towards listing of both these companies within the next five years," he said.
Besides, Reliance will keep evaluating value unlocking options for real estate and financial investments, Ambani said.

"I have no doubt that your company will have one of the strongest balance sheets in the world," he told shareholders.
He promised that the company would reward shareholders abundantly with periodic bonus issues and higher dividends and other means once it becomes debt-free. Shares of the company are up 20 per cent since the last AGM in July 2018, but have underperformer Nifty by 11 per cent over the past three months. The stock is down 9 per cent in last one month.
The company accumulated gross debt of more than Rs 2.87 lakh crore, as it feverishly diversified into consumer-focused businesses in retail, telecom and e-commerce over the past few years besides majorly upgrading the core refining and petrochemicals businesses.

In the last financial year, the company’s finance cost more than doubled to Rs 16,495 crore from Rs 8,052 crore in the previous year. The group attributed the increase primarily to the commencement of digital services business, petrochemical projects at Jamnagar and higher loan balances.
Global brokerage Credit Suisse earlier this month downgraded RIL’s stock to 'underperform' from 'neutral' rating and slashed its target price, saying the group has been free cash flow negative for six years now and has been facing margin pressures in refining and petrochemicals. The group is likely to be free cash flow negative for FY20-21 as well, Credit Suisse said in its August 5 report.

RIL’s total liabilities hit $65 billion in FY19 from $19 billion in FY15, accounting for 40% of enterprise value. Total interest cost rose $4 billion in FY19 from $1.2 billion in FY15
Ambani told in the AGM that RIL has transferred its telecom infrastructure assets into two separate infrastructure trusts for a consideration of Rs 1.25 lakh crore for raising money from large global institutional investors. “We have received strong interest and commitments from reputed global investors and are confident that these transactions will be completed by the end of this financial year. Post this, we ended last year with net debt of Rs 1,54,478 crore,” he said

As far as future investments are concerned, Saudi Arabia’s Public Investment Fund, one of the world’s largest sovereign wealth funds, is said to invest Rs 11,367 crore for 2.32 percent minority stake in Jio Platforms.

Global investors like Facebook, Silver Lake, KKR, General Atlantic, Vista Equity Partners, Mubadala, ADIA, TPG and L Catterton now have a combined 24.7 percent minority shareholders in Jio Platforms.

As far as future investments are concerned, Saudi Arabia’s Public Investment Fund, one of the world’s largest sovereign wealth funds, is said to invest Rs 11,367 crore for 2.32 percent minority stake in Jio Platforms.

In Reliance’s last year’s Annual General Meeting, the company chairman had announced that he plans to get Reliance Jio and Reliance Retail listed in the next five years.

:Source- Google

20/06/2020

https://corporatedocumentresolution.blogspot.com/2020/06/appointment-letter-of-companysecretary.htmlhttps://corporatedocumentresolution.blogspot.com/2020/06/appointment-letter-of-companysecretary.html

Appointment Letter Of Company Secretary Date: __________ Mr/Ms._________, Address: {The person who appointed} D...