Jio Platforms has appointed Akash Ambani as Managing Director (MD) for a period of five years, as the company reportedly prepares to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for a potential public listing.
As per latest media reports, filings submitted to the Ministry of Corporate Affairs on 07 May stated that the appointment is subject to shareholder approval. The company’s board approved the decision at a meeting held on 09 April.
Akash Ambani joined the board of Reliance Jio Infocomm as a Non-Executive Director in October 2014 and has been serving as its Chairman since June 2022. He also sits on the board of Jio Platforms.
