Nita Ambani is likely to be appointed chair of the board of the entity that will be formed by merging the India media assets of Reliance Industries and Walt Disney.
Nita Ambani s anticipated appointment as chair follows her recent departure from the RIL board, signalling a shift towards a focus on charitable endeavours. Presently, she holds the position of founder and chair at the Reliance Foundation.
Reliance, controlled by the Ambani family, and Disney are closing in on signing their India media merger deal which has been in the works for months, sources said.