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Anant Ambani (file photo)
Mumbai: More than five years after he appointed his elder siblings to the boards of major RIL companies, Anant AmbaniYoungest son of chairman Mukesh AmbaniHas also been included as a director of Jio Platform. The telecom-cum-digital services company is owned by Mumbai’s energy player.
With Anant’s membership, all three of Ambani’s children are now members of the board Live Platforms, which of late attracted marquee investors such as Facebook, Silver Lake and Vista. Apart from Jio platforms, Anant’s elder brothers Akash and Isha are directors. believe Retail Ventures. There is a chance that 25-year-old Anant can also be included in the board of Reliance Retail.
India’s richest person, Ambani, is betting big on telecom and retail to drive RIL growth in future. Their objective is to contribute as much to the two units as to the core energy and materials business in RIL’s profits in the coming years. The chairman also plans to make consumer-facing units public at some point.
Anant, a product from Brown University in the US, joined the board of Jio platforms on March 16, more than a month before the company announced its first investor in Facebook. Often spotted at cricket events with her mother Nita Ambani and regularly appearing at RIL’s annual shareholder meetings, Anant is on the board of the firm, including Tatvam Enterprises, which is at stake in the energy sector Is thought.
RIL is in the midst of an offer of rights and the promoters have stated that they will subscribe their share to retain their hold in India’s most valuable company. The Ambani family directly and indirectly holds a 50% stake in RIL, which had a market capitalization of over Rs 9 lakh crore at the close of stock trading hours on Tuesday. It has been reported that RIL, which is building a resort in Mumbai’s Bandra-Kurla Complex, will name the property after Anant. To be branded as Anantvilas, It will be a lux offering.
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