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Wednesday, May 29, 2024

Ambani Family Member Surpasses Mukesh, Nita, Isha, Akash, Anant in Reliance Stake Ownership

Reliance Industries Limited (RIL) is led by Mukesh Ambani, India’s richest person and one of the world’s top ten according to Forbes. As of June 30, Mukesh Ambani and his private enterprises owned 47.29% of RIL, which climbed to 48.87% in September 2019.

As per Business Times, Mukesh Ambani alone owns 75 lakh or 0.12% of shares while his Nita Ambani owns 0.12% stake in RIL. The couple’s three children Akash, Isha and Anant are also involved in various businesses and initiatives of RIL.

Akash Ambani and Isha Ambani are directors of Reliance Jio Infocomm while Anant Ambani is a director of Reliance Retail Ventures. All three of them hold 0.12% stake each in RIL.

But the Ambani family member who owns the most shares in RIL is Mukesh Ambani’s mother Kokilaben Ambani who owns a 0.24% stake in RIL which translates to 1.57 crore shares, as per the latest shareholding pattern, making her the largest individual shareholder in the company.

Anant Ambani and Radhika Mrechant’s pre-wedding celebrations took place in Jamnagar. The couple are set to marry in July. The festivities were attended by Bill Gates, Meta CEO Mark Zuckerberg, Rihanna, Ivanka Trump, former Prime Minister of Sweden Carl Bildt, former Prime Minister of Canada Stephen Harper, President of Google Donald Harrison, former President of Bolivia, Jorge Quiroga, former Prime Minister of Australia Kevin Rudd and Chairperson of the World Economic Forum Klaus Schwab.

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