Anil Ambani resigns from the post of director of Reliance Power and Reliance Infrastructure, know what is the reason
India
oi-Kapil Tiwari
Mumbai, March 26.
Anil Ambani, the chairman of Reliance Group and brother of Mukesh Ambani, has resigned as the director of Reliance Power and Reliance Infrastructure. Anil Ambani has surprised everyone by abruptly resigning. Rahul Sarin has been appointed as an additional director in place of Anil Ambani as an independent director for a term of five years. However, this appointment is currently subject to the approval of the members in the general meeting.
What is the reason for resignation?
It is believed that he has taken this decision after the order of the market regulator SEBI. Let us tell you that the market regulator SEBI had barred Anil Ambani from associating with any listed company. “Anil Ambani, Non-Executive Director, has stepped down from the Board of Reliance Power in compliance with the interim order of SEBI (Securities and Exchange Board of India),” Reliance Power said in a BSE filing. At the same time, Reliance Infrastructure said that Anil Ambani has resigned from its board in compliance with the interim order of SEBI.
This information given to the stock market
Regarding the resignation of Anil Ambani, the stock market has been told by Reliance Power 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.
