At the 2024 Reliance Annual General Meeting (AGM), Mukesh Ambani announced that Reliance Jio has achieved the remarkable milestone of becoming the world's largest mobile data company. This recognition underscores Jio’s dominant position in the global telecom industry, further solidifying its reputation as a leader in the sector.

During the AGM, it was revealed that Reliance Jio has been at the forefront of technological innovation, having filed over 2,555 patents. Out of these, 350 patents are specifically related to the 5G and 6G technologies, indicating the company’s forward-thinking approach and commitment to advancing future telecom technologies. These patents highlight Jio’s focus on driving innovation and shaping the future of connectivity in India and beyond.

In addition to these technological advancements, Reliance Industries also made a significant announcement regarding its financial strategy. The company is set to consider a 1:1 bonus share issue at its upcoming board meeting scheduled for September 5, 2024. This move marks Reliance Industries' fifth bonus issue since its initial offering in 1983. The bonus share issue is seen as a strategic decision to reward shareholders and boost investor confidence in the company’s growth trajectory.

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Following this announcement, Reliance Industries' share price experienced a 2.6% surge. This increase reflects the market's positive response to the company’s strategic initiatives, particularly the bonus share issue and the continued innovation within its telecom subsidiary, Jio. The share price surge underscores the strong investor confidence in Reliance Industries and its ability to deliver sustained growth and value creation.

Reliance Jio's achievement as the world’s largest mobile data company, coupled with its aggressive patent filings in next-generation technologies, positions the company as a global leader in the telecom industry. The upcoming bonus share issue further enhances the company’s appeal to investors, marking yet another milestone in Reliance’s storied history.

Conclusion
The 2024 Reliance AGM has highlighted the company’s significant achievements and future plans, solidifying Reliance Jio’s status as a global telecom leader and reinforcing Reliance Industries' commitment to innovation and shareholder value. As the company continues to break new ground in the telecom sector and reward its investors, it remains a formidable force in the global market.

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