Mukesh Ambani steps down as director of Reliance Jio

-- M Gowtham Kishore

dollarsbag.com

Reliance Jio is India’s biggest telco with a subscriber base of over 410 million.

Jio, the telecom and digital arm of the oil-to-retail conglomerate Reliance Industries Ltd (RIL).

Akash Ambani, 30, was a non-executive director on the board of Reliance NSE 2.08 %

RIL owns a 67% stake in Jio Platforms, which fully owns Reliance Jio Infocomm.

In a stock exchange filing, Reliance Jio Infocomm said the company's board at a meeting on June 27

passing on the reins of the telco to his eldest son Akash Ambani, who will take over as the chairman...

RIL owns a 67% stake in Jio Platforms, which fully owns Reliance Jio Infocomm.

Among other appointments, Pankaj Mohan Pawar was appointed Managing Director of the company for five years beginning June 27.

The younger Ambani has been closely involved with the creation of the digital ecosystem around Jio’s 4G service...!!!

swipe up for more