Nita Ambani joins RIL board
Nita Ambani, wife of Reliance Industries chairman Mukesh Ambani, was inducted on the board of the company at the company’s 40th Annual General Meeting. “We are delighted to welcome her (Nita Ambani) to the board of Reliance Industries as an accomplished individual and the founder chairperson of Reliance Foundation for furthering the growth agenda of Reliance,” Mukesh Ambani said at the meeting. Mukesh Ambani pointed out that Nita had been involved in various initiatives that strengthened RIL as a company - including the township at Jamnagar, integrated office campuses, design of consumer touch-points for Reliance Retail, besides spearheading Reliance Foundation, which manages RIL’s corporate social responsibility spends. In FY14, that spend touched Rs 712 crore which represents over 3% of the company’s profit.
Read the Economic Times news report here.