Reliance Seeks To Extend Mukesh Ambani's Chairman Term For 5 More Years
NDTV
Mukesh Ambani, 66, will cross the company law-mandated 70 years age for the chief executive of the company and requires a special resolution by the shareholders for him to be appointed beyond that age bar.
Reliance Industries Ltd, India's most valuable company, has sought shareholder's approval to give Mukesh Ambani another five-year term as chairman and managing director of the company till 2029 -- a period during which he has opted to draw nil salary.
Mr Ambani, 66, will cross the company law-mandated 70 years age for the chief executive of the company and requires a special resolution by the shareholders for him to be appointed beyond that age bar.
In a special resolution, Reliance sought the nod of shareholders to appoint Mr Ambani as the head of the company till April 2029.
