INSUBCONTINENT EXCLUSIVE:
Mumbai: Shareholders of Reliance Industries (RIL) have reappointed Mukesh D Ambani as the company's managing director for a period of five
years commencing from April 19, 2019
Mr Ambani also holds the post of chairman at the conglomerate.( What Reliance Jio's Latest Announcements On JioPhone Mean For
You)According to a regulatory filing on the BSE, Reliance Industries revealed that the decision was taken by the shareholders at the
company's 41st annual general meeting (AGM) held here recently.Over 98.50 per cent of shareholders voted in favour of the ordinary
resolution to reappoint Mr Ambani.Mr Ambani, who is the richest Indian, has kept his annual compensation unchanged at Rs 15 crore for the
His compensation includes salary and allowances, perquisites, and commission payable.The shareholders also approved the company's plan "to
offer or invitation to subscribe to redeemable non-convertible debentures on private placement", of an aggregate nominal value up to Rs
