Saudi Aramco representative may get inducted to Reliance Industries board: HSBC Global Research

Monday, 21 June 2021Newsdesk
Saudi Aramco representative may get inducted to Reliance Industries board: HSBC Global Research
Saudi Aramco chairman and Governor of the Kingdom’s wealth fund Public Investment Fund, Yasir Al-Rumayyan, may be inducted on the board of Reliance Industries Ltd, a precursor to a USD 15 billion deal, reports said.

New Delhi, 21 June 2021                                                                          

As per news report of The Indian Express, an announcement of Al-Rumayyan’s induction on the RIL board or the board of the newly carved oil-to-chemical (O2C) unit may come as early as at the company’s annual shareholder meeting on June 24. “RIL’s Annual General Meeting (AGM) has historically been a keenly watched event (previously attended by 3,000 shareholders when held in physical format and last year saw 300,000 concurrent viewers of the virtual AGM across 42 countries and 468 cities) given that it has been one of the top 3 companies by market capitalisation in India, has a large free float and a large public shareholding (more than 3 million non institutional shareholders),” brokerage HSBC Global Research said in a report.

Source -The Indian Express

Read More >>

If you like the story and if you wish more such stories, support our effort Make a donation.