Reliance Industries Limited (RIL) will seek shareholder approval for internal transactions worth over Rs 16.64 trillion spread across the next five fiscal years, involving digital services subsidiaries Jio Platforms Limited (JPL) and Reliance Jio Infocomm, according to the notice for the company’s 49th annual general meeting. The meeting is scheduled for June 19, 2026.
The largest portion of the transactions, amounting to over Rs 13 trillion, pertains to telecom services sold through Reliance Retail’s network on behalf of Reliance Jio.
Separately, RIL has said it is committing Rs 10 trillion to the development of multi-gigawatt-scale artificial intelligence (AI)-ready data centres as part of its next phase of growth. The company noted that under the leadership of chairman, the group has evolved into a globally significant conglomerate spanning energy, digital services, retail, media and green technologies. The chairman had first announced the major AI infrastructure investment in his address at the IndiaAI Impact Summit held in New Delhi in February this year.
