Shareholders of Reliance Industries (RIL) have re-appointed Mukesh D. Ambani as the company's Managing Director for a period of five years commencing from April 19, 2019.
According to a regulatory filing on the BSE, RIL 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 re-appoint Ambani, who also holds the post of Chairman, RIL.
Ambani, who is the richest Indian, has kept his annual compensation unchanged at Rs 15 crore for the 10th consecutive year. His compensation includes salary and allowances, perquisites, retiral benefits, and commission payable.
In addition, 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 20,000 crore.
Catch up on all the latest <a title="mid-day news" href="https://www.mid-day.com/news" target="_blank">Crime, National, International and Hatke news</a> here. Also download the new mid-day <a title="mid-day android app " href="https://goo.gl/8Xlcvr" target="_blank">Android</a> and <a title="mid-day iOS app" href="https://goo.gl/KQziH4" target="_blank">iOS</a> apps to get latest updates
<div id=":74.co" class="JL">
<div id=":74.co" class="JL" style="text-align: justify;">This story has been sourced from a third party syndicated feed, agencies. Except for the change in headline, the story has been provided "AS-IS," "AS AVAILABLE, without any verification or editing from our side. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.</div>
</div>

According to a regulatory filing on the BSE, RIL revealed that the decision was taken by the shareholders at the company's 41st annual general meeting (AGM) held here recently

Mukesh Ambani re-appointed RIL Managing Director

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast

Home / News / India News / Article / Mukesh Ambani re-appointed RIL Managing Director

Mukesh Ambani re-appointed RIL Managing Director

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast