 "\"Mukesh Ambani Unveils RIL’s Ambitious Future: Bonus Shares, Energy Expansion, Retail Surprise\"")
"Mukesh Ambani Unveils RIL’s Ambitious Future: Bonus Shares, Energy Expansion, Retail Surprise"
Mukesh Ambani, Chairman of Reliance Industries (RIL), addressed the 47th annual general meeting in Mumbai on August 29, 2024. He announced key developments, including a proposal to issue 1:1 bonus shares and detailed plans to position RIL among the world’s top 30 companies by leveraging advanced technology and manufacturing. While he didn’t provide updates on ...
 "In a high-stakes move, Chinese tech giant Tencent unloaded 2.1% of its holdings in PB Fintech, the parent entity of Policybazaar, for a staggering Rs 1,668 crore via open market transactions. This extensive sell-off of 97 lakh shares, executed in 15 tranches, slashed Tencent’s stake from 4.26% to 2.13%. Notable buyers, including SBI Mutual Fund, Societe Generale, and other major financial entities, quickly acquired the shares. Despite the intense trading activity, PB Fintech’s shares dipped 0.71%, closing at Rs 1,724.85 on the BSE. This marks the third significant sale by Tencent in PB Fintech within a span of four months.")
