
RBI approves appointment of Isha Ambani, 2 others as Jio Financial directors
Shareholders of JFS parent RIL in October 2023 had approved appointment of Isha Ambani, her brothers Akash Ambani and Anant Ambani as the non-executive directors
Shareholders of JFS parent RIL in October 2023 had approved appointment of Isha Ambani, her brothers Akash Ambani and Anant Ambani as the non-executive directors
Jio World Plaza will open for public on November 1; to integrate with Nita Mukesh Ambani Cultural Centre, Jio World Convention Centre and Jio World Garden
The development comes months after the board of directors of Reliance Industries approved the appointment of Isha, Akash and Anant as non-executive directors in August this year
The third biggest investment in Reliance Retail after KKR and QIA in the past two months; ADIA's investment will translate into a 0.59% stake
The valuation of Reliance Retail has almost doubled to ₹8.28 lakh crore in less than three years from ₹4.28 lakh crore in September 2020, says RIL chairman at the 46th AGM.
Their appointment will take effect from the date they assume office after approval by the shareholders.
Hitesh Kumar Sethia has been appointed as MD and CEO of the new entity for a period of 3 years; Isha Ambani, Rajiv Mehrishi to be inducted on the board of the demerged unit.
It will ramp up product manufacturing through tie-ups, besides setting up a pan-India dealer and distributor network.
Anant Ambani and Radhika got engaged in front of family and friends amidst traditional Gujarati ceremonies in Mumbai on January 19.
The Merchant family was received warmly by the Ambani family at their residence amidst Aarti and chanting of mantras.