Ambani Scions Made Reliance Board Members

The Reliance Industries Limited (RIL) held its 46th Annual General Meeting (AGM) for its shareholders on Monday.

The meeting was held just weeks after the listing of Jio Financial Services on India's stock exchanges.

Speaking at the AGM, Ambani said that to remain globally competitive, India must harness AI for innovation, growth and national prosperity.

“As this sector expands, we stand committed to create up to 2000 MW of AI-ready computing capacity, across both Cloud and Edge locations. And we will do this while adopting sustainable practices and a greener future," Ambani said.

In the next five years, Reliance plans to shift most of the energy footprint in connectivity and digital services to Green Energy, which is not just eco-friendly but also will be less costly.

Changes in Reliance Board

Nita Ambani stepped down from the Board of Directors of Reliance Industries Limited, making way for children Isha, Akash and Anant to become the non-executive directors on the RIL Board.

However, she will continue to attend all the RIL Board meetings as a permanent invitee to the Board.

Nita Ambani will be the chairperson of Reliance Foundation.

Key Takeaways

Jio Financial Services was mini bonus for long-term RIL shareholders

Reliance Retail now among the top ten most-visited retailers in the world

Reliance Retail Valuation has doubled to Rs 8.28 lakh crore from Rs 4.28 lakh crore in September 2020, says Isha Ambani. Reliance Retail Valuation has doubled to Rs 8.28 lakh crore from Rs 4.28 lakh crore in September 2020, says Isha Ambani.

Reliance Retail now among the top ten most-visited retailers in the world

Akash Ambani Speaks On JioAirFiber

Jio has over 50 million 5G customers

Reliance has invested over $150 billion in last 10 years

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