MUMBAI: Reliance Industries, India’s largest company in terms of market value, has appointed chairman and managing director Mukesh Ambani’s three children — Isha, Akash and Anant — to the board, an indication that they will eventually helm the oil-to-telecom conglomerate.
Ambani will be chairman for five more years even as his wife, Nita, has stepped down from the board to focus on philanthropic activities. He said his children have “earned their stripes”. Ambani said Nita will continue to attend RIL board meetings as a permanent invitee in her capacity as the chairperson of Reliance Foundation.
