Four months after joining the board of directors for Reliance Infrastructure, Anil Ambani’s sons, Anmol and Anshul Ambani shocked the board members and employees. Anil Ambani-led Reliance Infrastructure on Saturday informed the exchanges that Anmol Ambani and Anshul Ambani have resigned from the board of the company, effective January 31. Though the reason behind the resignation was not disclosed, it still remained a question if the duo would continue to play any other active role within the company.
It is to the known knowledge that the Anil Ambani’s sons had joined the board of Reliance Infrastructure as non-executive directors on October 9, 2019, upon the constant pressure from the shareholders. However, the brother’s resignation came a jolt to the company, resulting share price of Reliance Infrastructure declined as much as 4.80 per cent to hit an intraday low of Rs 19.85 on the Bombay Stock Exchange. While Anmol, 27, has a degree in Management from Warwick Business School, Anshul, 24, joined the Reliance Group in January 2019 after completing his undergraduate degree in Business Management from New York University’s Stern School of Business.
