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 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. Additional directors Raminder Singh Gujral and K.V. Chaudhary will now look after the work as independent directors. These appointments will be valid only after the approval of the shareholders. According to the information given to SEBI, Mukesh D. Ambani the director of the company has resigned from his position 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.
Akash Ambani has an important contribution to Jio
Before Akash Ambani, a graduate in economics from Brown University, his father Mukesh Ambani was looking after the company's chairman. The board has also accepted the resignation of Mukesh Ambani from the post of chairman. This appointment is being seen as handing over the leadership to the new generation. Mukesh Ambani will continue to be the chairman of Jio Platforms Limited. Let us tell you that the credit for setting up Jio's 4G ecosystem goes largely to Akash Ambani. In 2020, big tech companies from all over the world had invested in Jio, Akash had also worked hard to bring global investment to India.
Reliance shares 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 percent higher than yesterday's closing price. The stock closed at ₹2530.00 per share, up 1.50% on NSE.
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