38.6c New Delhi, India, Tuesday, July 23, 2024

Anant Ambani, Mukesh Ambanis youngest son Joins Jio Platforms as Additional Director

By Priyam Jain      28 May, 2020 02:48 PM      0 Comments
Anant Ambani Mukesh Ambanii

The youngest son of Reliance Industries Chairman, Mukesh Ambani - Anant has joined the Jio Platforms as an additional director. On 16th of March, 2020 he was reportedly said to have joined the board in a report citing fillings with the Registrar of Companies. 

Jio Platforms, which is a subsidiary of Reliance Industries, mostly comprises of its telecom business under Reliance Jio Infocomm which has become the largest in the country with more than 388 million subscribers and other digital properties such as Jio Cinema, Jio Saavn and Haaptik. 

A Brown University alumnus, Anant Ambani, is the youngest of the three Ambani siblings. Akash and Isha his other siblings had already joined the boards of the telecom and retail ventures- Reliance Jio Infocomm and Reliance Retail back in 2014 and have also joined the board of Jio Platforms. 

The joining of Mukesh Ambanis youngest son comes at a time when Jio Platforms is on a fundraising spree to achieve the companys goal to make RIL debt free. Around the past two weeks, Jio Platforms has sold around 17.12% stake to strategic investors such as Facebook and Global Technology investors like Silver Lake, Vista Equity Partners, General Atlantic and KKR to raise around Rs. 78,562 crores. 

A report also states that the company is mulling overseas listing of its platforms to get higher valuations. It has also consistently talked about building Jio Platforms into a digital entity along the lines of Alphabet and Tencent. It is also reported that the oil-to-telecom conglomerate is expected to list Jio Platforms in global stock markets over the next 12 to 24 months. 

Share this article:

Leave a feedback about this

Trending Judiciary
SC halts directive mandating name displays for hotel owners during Kanwar Yatra [Read Order]

The Supreme Court halts directives mandating name plates for hotel owners during Kanwar Yatra, citing concerns over exclusion and economic boycott.

22 July, 2024 02:53 PM
Trending Judiciary
NEET-UG: SC asks IIT-Delhi to apprise it of correct answer of a question where two options are found as correct

SC asks IIT-Delhi to determine correct answer for NEET-UG question with two correct options, report due by 12 PM Tuesday; court to hear further on re-test plea.

23 July, 2024 09:26 AM


Trending Judiciary
State govt has got no power to tinker with list of Scheduled Castes: Supreme Court [Read Judgement]

The Supreme Court ruled that state governments lack the authority to modify the Scheduled Castes lists, a power reserved exclusively for Parliament under Article 341.

17 July, 2024 09:31 AM
Trending Judiciary
SC asks Telangana govt to replace judge in Commission of Inquiry into power pact by previous govt

SC directs Telangana govt to replace Justice L Narasimha Reddy in Commission of Inquiry probing former CM KCR's alleged power sector irregularities.

17 July, 2024 09:40 AM
Trending Judiciary
Centre notifies appointments Justice N Kotiswar Singh, Justice Mahadevan as SC judges

Centre notifies appointments of Justice N Kotiswar Singh and Justice R Mahadevan as Supreme Court judges, marking the first SC judge from Manipur.

17 July, 2024 09:57 AM
Trending Judiciary
Imprisonment till rising of court not proper sentence for serious offence of bigamy: SC [Read Judgement]

The Supreme Court ruled that “imprisonment till the rising of the court" is not appropriate for bigamy, a serious offence, stressing the need for proportionate punishment.

17 July, 2024 10:00 AM


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email