Brief by Shorts91 Newsdesk / 09:13am on 28 Aug 2023,Monday Business
Nita Ambani has stepped down from the board of Reliance Industries Ltd (RIL) to focus more on philanthropy, the oil-to-telecom conglomerate said on Monday. RIL has appointed Ambani's children - Isha, Akash and Anant - as directors in her place. The company said Ambani resigned to devote more time to Reliance Foundation as its chairperson. She aims to strengthen the foundation and scale up its societal impact. The board appreciated her work leading the philanthropic efforts over the years. Meanwhile, the appointment of her children marks their growing stature in Reliance amid its succession planning. As directors, they will have greater oversight of one of India's largest conglomerates.
