Anil Ambani, the head of Reliance Group, has surprised with his decision. Actually, he has resigned from the post of director of his company Reliance Power and Reliance Infrastructure. Reliance Power and Reliance Infrastructure have informed the stock market about this.
What is the reason: In fact, the Securities and Exchange Board of India (SEBI) had banned Anil Ambani from joining any listed company in the stock exchanges. Since then it was believed that Anil Ambani’s activism would be less.
What was told to the stock market: At the same time, Reliance Power has told the stock market that after the interim order of SEBI, Anil Ambani has stepped down as the director of the company. Similarly, Reliance Infrastructure also told the stock exchange that Anil Ambani has resigned from the company’s board of directors in compliance with the interim order of SEBI.
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Let us tell you that in February, SEBI had banned Reliance Home Finance Limited, industrialist Anil Ambani and three other persons from the securities market for allegedly withdrawing money.
Now who will handle the responsibility: The Board of Directors of R-Power and R-Infra on Friday appointed Rahul Sarin as an additional director for a tenure of five years, both Reliance Group companies said. However, this appointment is subject to the approval of the members at the general meeting.
Many companies in the sales process: This news has come at a time when many companies of Anil Ambani are going through insolvency process. These include Reliance Infratel (the tower arm of Reliance Communications), Reliance Telecom, Reliance Naval and Reliance Capital. Apart from this, Piramal Group’s company Piramal Capital and Housing Finance (PCHFL) has also approached NCLT against Reliance Power.