Reliance Jio’s chairman is now Akash Ambani after Mukesh Ambani leaves the company

In a regulatory filing, Reliance Jio said the company’s board at a meeting on 27 June, “approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company.”

Among other appointments, Pankaj Mohan Pawar will take over as the Managing Director of the company from 27 June.

KV Chowdary and Raminder Singh Gujral were chosen as independent directors.

Ambani claimed in 2021 that his children were assuming more responsibility as part of the change in leadership. He claimed that he could see in his children the same zeal and capacity for advancing the nation’s development that his father, Dhirubhai Ambani, the founder of Reliance, possessed.

Reliance Industries’ stock rose 1.49 percent to settle at 2,529.00 a share on the BSE today. It increased 1.50 percent to end the day at 2530.00 per share on the NSE.