Mukesh Ambani’s youngest son Anant Ambani was appointed on the Reliance board of directors, but the proxy advisors of the company are not happy with the decision. Two proxy advisors of Reliance have said that the shareholders of the company should reject the appointment of Mukesh Ambani’s youngest son Anant Ambani to the board of directors, creating a major setback for the business tycoon’s son. Institutional Shareholder Services Inc., an international proxy advisory firm, recommended that the board members of Mukesh Ambani’s Reliance vote against the appointment of Anant Ambani on the board, but backed 31-year-old twins Isha and Akash Ambani on the position. Further, Anant Ambani continues to hold a crucial position in the energy wing of RIL and is set to take on more responsibility as the non-independent, non-executive director of Reliance. READ | Meet man who lives in one of India's largest private residences, bigger than Mukesh Ambani’s Rs 15000 crore Antilia

Source: dna October 18, 2023 15:41 UTC