Business Standard

Akash Ambani takes up reins of Jio Infocomm as part of succession plan

Mukesh Ambani steps down as part of succession plan

Akash Ambani
Premium

Mukesh Ambani, Chairman, Reliance Industries Ltd. with his son Akash Ambani (File photo: PTI)

Aneesh PhadnisSundar Sethuraman Mumbai/Thiruvananthapuram
In a move that signals the succession of the third generation of the Ambani family, Mukesh Ambani has stepped down as the director of Reliance Jio Infocomm (RJIL), handing over the reins to son Akash, who will take over as the chairman of the firm.

In a stock exchange filing, Reliance Jio Infocomm on Tuesday said its board approved the appointment of Akash Ambani, non-executive director, as chairman, at a meeting held on Monday.

The transition, which comes ahead of an anticipated initial public offering (IPO) of Jio Platforms, could also see Akash’s twin sister Isha take on a greater

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 28 2022 | 9:46 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com