June 28, 2022
1 min read

Mukesh Ambani steps down from Reliance Jio

The company also said the Board “noted the resignation of Mukesh Ambani as Director of the company effective from close of working hours on June 27″…reports Asian Lite News

Mukesh Ambani has resigned as a Director in Reliance Jio Infocomm Limited with the company’s Board on Tuesday approving his elder son Akash Ambani’s appointment as the Chairman.

In regulatory filing, Reliance Jio, the telecom arm of the Reliance group, said the Board of Directors at its meeting held on Monday “approved the appointment of Akash Ambani, Non-executive Director, as the Chairman of the Board of Directors of the company”.

The company also said the Board “noted the resignation of Mukesh Ambani as Director of the company effective from close of working hours on June 27”.

The Board also approved the appointment of Pankaj Mohan Pawar as the Managing Director for a period of five years commencing from June 27, subject to shareholders’ approval.

The company also said the Board approved the appointment of Raminder Singh Gujral and K.V. Chowdary as Additional Directors, designated as Independent Directors, for a period of five years commencing from June 27, subject to shareholders’ approval.

ALSO READ-Ambani plans takeover bid for UK high street chain Boots

Previous Story

UPI most preferred payment mode in India

Next Story

Zomato buys quick delivery platform Blinkit

Latest from Business

EVs Drive Cleaner Cities

Each EV is equipped with GPS tracking for real-time monitoring and efficiently serves the city’s 159.46 square kilometre area The use of electric vehicles (EVs) in household waste collection is ushering in

Residential Market Sees Revival

Sales jump 77% from FY19 to FY25 as luxury housing, office leasing, logistics, and tech-led investments drive real estate recovery. India’s residential real estate market has witnessed a dramatic revival in the

Recovery From Realty Stress Rises

Crisil expects residential demand in these markets to grow by 7–9 per cent in FY26, offering critical support to projects now being revived through restructuring Asset Reconstruction Companies (ARCs) are expected to

Qatar Debut For Tata

Tata Motors emphasised that its international offerings are backed by strong research and development capabilities, with vehicles that are thoroughly tested and adapted to local conditions Tata Motors has unveiled its all-new
Go toTop

Don't Miss

Jio acquires Reliance Infratel

The tribunal had allowed Jio to deposit Rs 3,720 crore

Reliance Buys 13.01% of Viacom18

Post the completion of this transaction, Reliance Industries equity stake