Reliance Industries Ltd (RIL) chairman and managing director Mukesh Ambani has decided to step down from the board of RIL unit Reliance Jio Infocomm Ltd. Reliance Jio has named his son Akash Ambani as the new chairman.
Further, the board at its meeting today also approved the appointment of Pankaj Mohan Pawar as Managing Director of the Reliance Jio for a period of five years.