Reliance Industries names Mukesh Ambani's kids to retail, telecom unit boards
The appointment of twins Isha and Akash Ambani was approved by the boards of Reliance Jio Infocomm and Reliance Retail Ventures on October 11.
- Oct 13, 2014,
- Updated Oct 13, 2014 12:03 PM IST
Reliance Industries (RIL) has appointed chairman Mukesh Ambani's children to the boards of the company's telecom and retail businesses.
The appointment of twins Isha and Akash Ambani was approved by the boards of Reliance Jio Infocomm and Reliance Retail Ventures on Saturday, the company said in a statement.
The company's retail unit has turned around after seven years of losses and is now the biggest retail chain in the country while the 4G telecoms venture, Reliance Jio, is expected to launch commercial services next year.
RIL operates the world's biggest refinery complex and is the country's third most valuable company with a market valuation of about $51 billion.
It has been expanding into consumer-focused services like retail and telecommunications and is in the middle of its largest ever capital investment plan - a three-year, $30 billion investment cycle ending March 2016.
(Reuters)
Reliance Industries (RIL) has appointed chairman Mukesh Ambani's children to the boards of the company's telecom and retail businesses.
The appointment of twins Isha and Akash Ambani was approved by the boards of Reliance Jio Infocomm and Reliance Retail Ventures on Saturday, the company said in a statement.
The company's retail unit has turned around after seven years of losses and is now the biggest retail chain in the country while the 4G telecoms venture, Reliance Jio, is expected to launch commercial services next year.
RIL operates the world's biggest refinery complex and is the country's third most valuable company with a market valuation of about $51 billion.
It has been expanding into consumer-focused services like retail and telecommunications and is in the middle of its largest ever capital investment plan - a three-year, $30 billion investment cycle ending March 2016.
(Reuters)