{"id":51002,"date":"2022-06-30T13:22:00","date_gmt":"2022-06-30T07:52:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=51002"},"modified":"2022-06-30T13:19:21","modified_gmt":"2022-06-30T07:49:21","slug":"with-recent-management-changes-in-reliance-what-is-anant-ambani-going-to-get","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/with-recent-management-changes-in-reliance-what-is-anant-ambani-going-to-get\/","title":{"rendered":"With recent management changes in Reliance: What is Anant Ambani going to get?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1883152929\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Reliance Jio Infocomm Ltd, the digital arm of Reliance Industries, on Tuesday, announced that Mukesh Ambani would resign as the director of the company effective from June 27, 2022. The company\u2019s board has approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-952662284\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Isha Ambani, his daughter, is set to be named chairman of the conglomerate\u2019s retail unit, people familiar with the matter said. Currently, she is the director of Reliance Retail Ventures Ltd.<\/p><p>Reliance Industries, a $ 300-billion business empire, is undergoing a leadership shift and Mukesh Ambani in 2021 said that his children were taking up more responsibilities. He added that he could see the same spark and potential of his father, Dhirubhai Ambani \u2013 Reliance\u2019s founder \u2013 for contributing to the country&#8217;s growth.<\/p><p>Both Akash and Isha are 30 years old and have been a part of the teams that negotiated Meta Platforms Inc.\u2019s investment in the group. They have introduced new products and demonstrated various technology applications such as virtual reality.<\/p><div class=\"trade-content_5\" id=\"trade-2092022314\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Isha is an alumnus of Yale University and a former McKinsey &amp; Co. consultant. Akash has graduated from Brown University with a major in Economics. The twins have a younger brother, Ananth, who is 27 years old and is a member of the board of Jio Platforms.<\/p><p>Mukesh Ambani\u2019s plans for his younger child are still unclear. However, market observers expect that he will likely preside over the legacy oil-to-chemicals business of the conglomerate. Reliance Industries has a presence in energy, materials, entertainment and digital services as well. A few of these businesses could be professionally managed and the family can continue to keep hold with the help of the shares that they hold.<\/p><p>Reliance Retail and Reliance Jio are subsidiaries of the oil-to-telecom conglomerate and Reliance Industries is its flagship firm. In spite of Mukesh Ambani\u2019s resignation, the stock gained 1.91% by Wednesday\u2019s closing bell, after opening on a negative note in early trades.<\/p><p>Reliance Jio is the largest telecom operator in the Indian market with over 406 million subscribers. The company is actively increasing its broadband business with acquisitions.&nbsp;<\/p><p>\u201cAmbani just ensured the continuity of the business. For now, nothing will change for the conglomerate, but Mukesh Ambani will be around to guide the next generation,&#8221; said Sankaran Manikutty, a former professor who taught at IIM Ahmedabad.<\/p><p><strong>Many foreign investment firms are bullish on Reliance Industries Limited. Bernstein raised the company&#8217;s target price by 17.66% to \u20b9 3,360 apiece from \u20b9 2,830 apiece. The shares are currently trading at \u20b9 2,597.80 apiece. This indicates an upside of 29.34%. It added that the stage is all set for Jio to deliver strong results driven by tariff hikes.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3617175643\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\" id=\"h-written-by-simran-bafna\"><p><strong>Written By &#8211; Simran Bafna<\/strong><\/p><\/blockquote><div class=\"trade-after-content\" id=\"trade-3869693653\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Reliance Jio Infocomm Ltd, the digital arm of Reliance Industries, on Tuesday, announced that Mukesh Ambani would resign as the director of the company effective from June 27, 2022. The company\u2019s board has approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company. Isha Ambani, his [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":14198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[67,65,91,4249,2090,63,2091,755,961,960,621,872,948,936],"class_list":["post-51002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-key-announcements-by-mukesh-ambani","tag-mukesh-ambani","tag-mukesh-ambani-new-plan","tag-mukesh-ambani-resignation","tag-reliance","tag-reliance-industries","tag-reliance-industries-ltd","tag-reliance-industries-news","tag-reliance-jio","tag-reliance-jio-share","tag-reliance-retail","tag-reliance-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>With recent management changes in Reliance: What is Anant Ambani going to get? - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/with-recent-management-changes-in-reliance-what-is-anant-ambani-going-to-get\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"With recent management changes in Reliance: What is Anant Ambani going to get?\" \/>\n<meta property=\"og:description\" content=\"Reliance Jio Infocomm Ltd, the digital arm of Reliance Industries, on Tuesday, announced that Mukesh Ambani would resign as the director of the company effective from June 27, 2022. 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