Industrialist Mukesh Ambani's wife Nita Ambani has stepped down from Reliance Industries Limited board of directors, making way for their children Isha, Akash, and Anant.
Isha Ambani, Akash Ambani, Anant Ambani are set to be appointed non-executive directors of the oil-to-retail conglomerate.
The board of directors has recommended their appointment and is pending approval by its shareholders.
The three Ambani scions have been closely involved with and are leading and managing key businesses of Reliance over the last few years including retail, digital services and energy and materials businesses, the said company said in a press release.
They also serve on the boards of the key subsidiaries of Reliance.
The board of directors also accepted Nita Ambani's resignation, but she will continue to attend all board meetings as a permanent invitee so that the company can continue to benefit from her advice, said the release.
"The Board of Directors also accepted the resignation of Nita Ambani from the Board respecting her decision to devote her energies and time to guide and enable Reliance Foundation to make even greater impact for India," it said.
from NDTV Profit-Latest https://ift.tt/DVLm71E
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