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The board of directors of Reliance Capital on Tuesday approved the induction of Jai Anmol Ambani, the 24-year-old eldest son of Reliance Group Chairman Anil Dhirubhai Ambani, as an Additional Director on the board.
The induction follows the recommendation by the Nomination and Compensation Committee of the Board of Reliance Capital.
The company, in a notice to the BSE, said Anmol Ambani is also proposed to be appointed as full-time Executive Director at its forthcoming annual general meeting.
“… The last two years have given me great learnings about the financial services business. I look forward to using this experience for scaling up our businesses and contributing towards their growth and progress”, Anmol Ambani said in a statement issued by Reliance Capital.
The Junior Ambani has been working in various financial services businesses within Reliance Capital since 2014.
He has been actively involved in internal business reviews across companies and has also been part of interactions with Nippon Life for increasing stake in Reliance Life Insurance and Reliance Capital Asset Management in the last two years, said the stock exchange notice.
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