RIL Chairman Mukesh Ambani
RIL Chairman Mukesh Ambani

Reliance Industries Ltd held its Annual General Meeting of 2021 on Thursday and India could not keep calm. All eyes today were glued on the virtual meeting as the Ambani family and Reliance management addressed their shareholders today.

Reliance Industries Ltd has raised a record Rs 3.24 lakh crore in capital from stake sale in units, rights issue and asset monetisation, its chairman Mukesh Ambani said Thursday.

Addressing shareholders, Ambani said the company raised Rs 3,24,432 crore capital through the sale of stake in digital unit Jio Platforms and retail venture, rights issue and asset monetisation.

"RIL raised $44.4 billion – largest-ever capital raise by any company in a year globally. This capital raise is a strong vote of confidence by global investors in India's growth potential," he said.

Reliance made multiple other announcements like the launch of Jio smartphone, roll out of 5G services and Reliance's deal with Aramco.

As soon as the news of AGM went live on social media, Indians were in awe. And just like every occasion, netizens seized the opportunity to generate a meme fest.

From taking a dig at fellow telecom operators to spamming the comment section of the AGM's live feed on YouTube, everyone had fun. If you have missed out on it, don't worry. Here are some of the most hilarious memes.

Laugh away!

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Free Press Journal