Mukesh Ambani Steps Down as Director of Reliance Jio

Bengaluru: Reliance Jio Infocomm Ltd, the digital arm of Indian conglomerate led by Mukesh Ambani’s Reliance Industries, said on Tuesday, June 28 Ambani would resign as director of the unit.

The company said it had appointed non-executive director and Mukesh’s son Akash Ambani as the chairman of the board.

According to Livemint, Pankaj Mohan Pawar will take over as the managing director of the company effective from June 27.

Shares of Reliance Industries Limited closed at 2,529 apiece on BSE, 1.49% higher than June 27’s close. At the NSE, it climbed by 1.50% to settle at Rs 2,530 apiece.

(With inputs from Reuters)