Anant Ambani, the youngest son of Chairman Mukesh Ambani of Reliance Industries, has joined the Jio Platforms board as an additional director. He joined the board on March 16, as reported by the Economic Times in a report citing company registrar filings.
Jio Platforms, a Reliance Industries company, primarily includes its telecommunications sector under Reliance Jio Infocomm, the country’s largest subscriber and other digital assets such as Jio Cinema, Jio Saavn and Haaptik.
The youngest of the three Ambani siblings is Anant Ambani, 25, a Brown University alumnus. His siblings, Akash and Isha Ambani joined the telecom and retail companies boards in 2014 — Reliance Jio Infocomm and Reliance Retail — and joined the Jio Platforms board as well.
Joining Anant comes at a time when Jio Platforms is on a fundraising spree to achieve Mukesh Ambani ‘s goal of freeing RIL from debt.
Over the past few weeks, Jio Platforms has sold about 17.12 percent of its stake to strategic investors like Facebook and global technology investors like Silver Lake, Vista Equity Partners, General Atlantic and KKR to raise around Rs 78,562 crore.