Akash Ambani Appointed As The New Chairman Of Reliance Jio


Akash Ambani, son of Mukesh Ambani, previously a non-executive director at Reliance Jio Infocomm Ltd., was appointed chairman a day after his father resigned, the company said in an exchange filing. Akash Ambani is an alumnus of the United States’ Brown University where he studied economics.
On Tuesday, announcement marked the first instance in which Mukesh Ambani formally took a backseat; last year he indicated his children would take on more responsibilities.
Akash Ambani was part of the teams that negotiated investment into Jio’s parent firm by Meta Platforms Inc., formerly known as Facebook Inc., besides leading other key acquisitions.