Mukesh Ambani and Nita Ambani.
New Delhi:
Reliance Industries, the country’s most valuable company, on Monday cleared the way for its succession plan. Reliance Industries Ltd. to industrialist Mukesh Ambani’s daughter Isha and sons Akash and Anant. has been appointed to the board of directors Reliance Industries said in a disclosure to the stock market that a meeting of the company’s board of directors was held ahead of the annual general meeting (AGM). It approved the appointment of Isha, Akash and Anant as non-executive directors. At the same time, Nita Ambani has resigned from the board of directors.
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Last year, veteran businessman Mukesh Ambani gave his 66-year-old elder son Akash Ambani the country’s largest mobile company Reliance Jio Infocomm Ltd. The way to make him chairman was cleared. However, Ambani remained the chairman of Jio platform. Reliance Jio Infocomm comes under this.
Akash’s twin sister Isha, 31, has been selected for Reliance’s retail unit and younger son Ananth for a new energy business.