Reliance Jio- Mukesh Ambani resigns as director, son Akash appointed chairman

A piece of big news has come on the web and this news created a storm on the web. This news has gained huge attention from the people. The richest man in India has resigned from his post of chairman of Jio Reliance effective from 27 June. As per the reports, Akash Ambani has become the board’s new chairman. This new took the place on 27 June 2022. This news is attracting the people to the news. People are curious to know about the viral news. This news has stunned all, that now Mukesh Ambani will not serve as chairman. We will tell you all the details about the news. Let’s continue the article.

According to the report, Ambani mentioned that his kids were taking on more responsibilities as members of the leadership shift. He said he could watch in his children the same spark and ability of his father Dhirubhai Ambani – Reliance’s founder – for contributing to the country’s growth.

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What is the work of Reliance Jio?

Speaking about Reliance Jio Infocomm Limited, doing work as Jio. Let us tell you that Jio is an Indian telecommunication organization and a subsidiary of Jio platforms. The headquarter of the company is situated in Navi Mumbai, Maharashtra, India. It operates a national LTE network with a coverage of around 22 telecom circles.

What are the products of Reliance Jio?

Jio GigaTV
Jio Smartphone
Jio Enterprise Solutions
Jio Wi-Fi
Jio Cinema
Jio Smart Home
Jio 5G
Jio Giga Fiber – JioFiber is the absolute broadband experience with ultra-fast upload and speed of downloading.

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Has Mukesh Ambani Resigned and what is the position of Mukesh Ambani?

According to the reports, Mukesh Ambani has resigned as Director of Reliance Jio effective from 27 June. This is the official announcement and Akash Ambani non-executive director, as chairman of the board of directors of the company.”. Yes, this news has been announced officially. This decision has been taken after the board meeting on 27 June.

Who has taken the post of Mukesh Ambani after the resignation?

Pankaj Mohan Pawar will serve as Managing Director of the Company for 5 years. This news decision has been taken in the meeting on 27 June 2022. His post has been approved after the discussion of the board members.

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The Board of Directors have at their meeting held on 27 June 2022:

  1. Raminder Singh Gujral and K.V Chowdary have been chosen as Additional Directors of the Company,
  2. Assigned appointment of Pankaj Mohan Pawar as Managing Director of the Company for 5 years
  3. Noted the resignation of Mukesh Ambani as Director of the organization effective from stopping working hours on 27 June 2022.
  4. Assigned the selection of Akash M Ambani, Non-executive Director of the Reliance Jio Company.

In line with the held date of June 20, 2018, issued by the Stock Exchanges, the confirmation is that K.V Chowdary and Raminder Singh Gujral are not excluded from managing the office of Director by virtue of any securities and exchanges board of India order or any other authority, this added by the company.

This organization was founded in 2019, is wholly owned by RIL, and is an Indian technology organization. If we talk about the Shares of Reliance Industries. As per the reports, it is closed at 2,529.00 apiece on BSE, 1.49% higher according to yesterday’s close. At the NSE, it ascends by 1.50% to settle at ₹2530.00 apiece.

We give best wishes to Akash Ambani for the new journey. There is no doubt he is totally perfect and eligible for the post. The board’s decision is completely right.

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