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Reliance Industries chairman Mukesh Ambani has resigned from the board of Reliance Jio handing over reigns to his elder son Akash Ambani, who will be Chairman of the Board of Directors.
The digital arm of Reliance Industries, Reliance Jio Infocomm Ltd, on Tuesday, June 28, announced that Ambani would resign as the director of the company effective from 27 June.
Further, the board at its meeting today also approved the appointment of Pankaj Mohan Pawar as Managing Director of the Reliance Jio for a period of five years.
Mukesh Ambani steps down as Reliance Jio Director; Akash Ambani made Chairman
The board also approved the appointment of Pankaj Mohan Pawar as Managing Director of the Company for a period of five years commencing from 27 June, 2022, subject to approval of the shareholders, , reliance jio, mukesh ambani, akash ambani