Reliance Infocomm Board reconstituted, Anil becomes Chairman

Reliance Infocomm Board reconstituted, Anil becomes Chairman
outlookindia.com
-0001-11-30T00:00:00+0553
Mumbai, Jun 26 (PTI) Anil Ambani, who took over as Chairman of Reliance Infocomm, today reconstituted its Board after the elder brother Mukesh resigned as Chairman along with five other directors.

The details of the reconstituted Board were not immediately available.

The five directors who resigned from the Board are Anand Jain, Manoj Modi, Bharat Goenka, Y P Trivedi and M P Modi.

Anil had got Infocomm as part of ownership settlement of the Reliance empire between him and Mukesh.

Two of the directors -- Y P Trivedi and M P Modi -- were inducted in the Infocomm Board on December 27 last year at the height of the battle between Anil and Mukesh.

Anil, who met Communication and IT Minister Dayanidhi Maran last week, is expected to hold a review meeting with the top executives during the day.

Anil, who created Anil Dhirubhai Ambani Enterprises as a distinct entity from Mukesh controlled Reliance, may also unveil a roadmap for Infocomm's future and may give some indication about a possible public offering in the company.

A day after the settlement, Anil had told reporters that listing of Infocomm would be considered in due course of time.

With an employee strength of over 40,000 and a revenue of over Rs 5,000 crore, Infocomm is still considered a money guzzler and would require substantial investment for its complete roll-out plants.

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