Business

Mukesh Ambani Steps Down As Reliance Jio Director; Son Akash Appointed Chairman

By
OB Bureau

Mumbai: Mukesh Ambani has decided to hand over the reins of Reliance Jio to his son elder son Akash.

Mukesh resigned as director of Reliance Jio, effective from June 27, and Akash has been appointed as chairman of the board of directors.

Reliance Jio Infocomm Limited approved the appointment of Non-Executive Director Akash M Ambani as chairman at the company’s board meeting held on June 27, Reliance Jio said in a statement.

The board also approved the appointment of Pankaj Mohan Pawar as Managing Director of Reliance Jio for a period of five years, while Raminder Singh Gujral and KV Chowdary were appointed independent directors.

Reliance Jio Infocomm is a subsidiary of Jio Platforms, which has Facebook, Google, Vista Equity Partners among its major investors. Mukesh continues to be the chairman of Jio Platforms.

Reliance Jio cementing its position as India’s largest telecom operator by adding 16.8 lakh mobile subscribers in April.

OB Bureau

Recent Posts

Odisha Elections: BJP Alleges Poll Code Violation By BJD, Petitions CEO For Action

Bhubaneswar: Bhaatiya Janata Party (BJP) on Thursday accused Biju Janata Dal (BJD) of misusing government…

March 28, 2024

Vested Interests Trying To Influence Judiciary, 600 Lawyers Write To CJI; Check PM Modi’s Reaction

New Delhi: Prime Minister Narendra Modi launched slammed Congress on Thursday after hundreds of lawyers…

March 28, 2024

Elderly Man Dies After Van Drags Him On Road For 30 Metre In Odisha’s Nabarangpur

Nabarangpur: An elderly man was killed as a pick-up van dragged him for 30 metre…

March 28, 2024

Odisha Elections: Bhartruhari & Sidhant ‘Big Zero’, Cannot Become Ward Members Without Naveen Patnaik, Says BJD MP

Bhubaneswar: Biju Janata Dal (BJD) on Thursday lashed out at former MPs Bhartruhari Mahtab and…

March 28, 2024

Odisha Election 2024: Anshuman Mohanty Dismisses ‘Reluctant’ Kendrapada MP Candidate Tag

Bhubaneswar: Dismissing reports about his reluctance to contest as MP candidate from Kendrapada, Anshuman Mohanty…

March 28, 2024

Arvind Kejriwal’s ED Remand Extended Till April 1; HC Rejects PIL Seeking Removal Of CM

New Delhi: The Rouse Avenue Court on Thursday extended Enforcement Directorate's (ED's) custody of Delhi…

March 28, 2024

Vigilance Nabs GST Officer While Taking Rs 30,000 Bribe In Odisha’s Puri

Puri: Odisha Vigilance apprehended a CTO and GST officer while taking a bribe of Rs…

March 28, 2024

Accused Escapes From Police Custody At Court Complex In Odisha’s Cuttack

Cuttack: A man, who was held in connection with a criminal case, reportedly gave a…

March 28, 2024