2024-03-18 00:46:00
The name Mukesh Ambani becomes associated with Reliance Industries. But the company’s ownership structure extends beyond leadership. This article examines who holds the maximum stake within the Ambani family.
The Ambani Family
Mukesh Ambani’s entire family has stake in Reliance. His wife, Nita Ambani, is a non-executive director, and their three children continue to take on increasingly prominent roles.
- Isha Ambani has been appointed as the Chairman of Reliance Retail in 2022.
- Akash Ambani became the Chairman of Reliance Jio in June 2022.
- Anant Ambani is the director of Reliance Retail Ventures.
However, ownership stakes tell a different story.
Who owns the most shares?
Surprisingly, the largest individual shareholder in Reliance Industries is Mukesh Ambani’s mother, Kokilaben Ambani.
Although not directly involved in the day-to-day operations, he holds a 0.24% stake of about 1.57 crore shares.
Mukesh Ambani’s heirs Akash, Isha and Anand each hold around 0.12% stake and approximately 80.52 lakh shares.
Promoter Group and General Shareholders
It is important to note that the Ambani family’s ownership comes under the umbrella of the “Promoter Group”.// This group collectively holds a majority stake of over 50% in Reliance Industries.
The rest of the shares are held by general shareholders, including institutional investors.
The reason for the series success
Although Mukesh Ambani leads Reliance Industries, the ownership structure reflects the wider involvement of the family.
His mother, Kokilaben Ambani, holds a surprisingly high personal stake, and her children continue to take leadership roles within the company.
This highlights the importance the entire Ambani family plays in the continued success of Reliance.
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