Mukesh Ambani resigns from the director position of Reliance Jio while his son Akash Ambani becomes the new chairman of the company. There has been a major reshuffle at the management level in Mukesh Ambani’s company Reliance Jio Infotech Limited. In the information given to Market Regulatory SEBI (SEBI), Reliance Jio said that the board meeting was held on 27 June 2022. In the meeting, the board of Reliance Jio has approved the appointment of Akash Ambani as the chairman of the board. Mukesh Ambani has resigned as the director of the company with effect from June 27.
Pankaj Mohan will be the Managing Director
Pankaj Mohan Pawar will take over as the Managing Director of the company from June 27. Pankaj Mohan will continue as Managing Director for the next five years. Raminder Singh Gujral and K.V. Choudhary has been appointed as the Additional Director of the Company. According to the information given to SEBI, Mukesh D. Ambani has resigned from his position as a director of the company with effect from June 27, 2022. The appointment of Akash M. Ambani as the Chairman of the Board of Directors of the Company has been approved as the Non-Executive Director.
Reliance share price rise
Let us tell you that Reliance Jio is the telecom company of Mukesh Ambani. Jio Platforms is a wholly owned company of Reliance Industries Limited (RIL). The company was established in the year 2019. Shares of Reliance Industries closed at Rs 2,529.00 on BSE today, which is 1.49 per cent higher than yesterday’s closing price. The stock closed at ₹2530.00 per share, up 1.50% on NSE.