Mukesh Ambani steps down as Reliance Jio's director
Mukesh Ambani resigned as director of Reliance Jio effective on June 27 and handed over the company's reins to his elder son Akash.
In a stock exchange filing, Reliance Jio said the company's board at a meeting on June 27 "approved the appointment of Akash M Ambani, non-executive director, as chairman of the company's board of directors."
At its meeting, the board also approved Pankaj Mohan Pawar's appointment as Managing Director of Reliance Jio for five years commencing from June 27, 2022.
Raminder Singh Gujral and KV Chowdary were appointed independent directors.
According to TRAI data, India's largest telecom operator, Reliance Jio, had gained 16.8 lakh mobile subscribers, in April, cementing its lead in the market.