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Anil Ambani resigns as director of Reliance Communications

The company in a filing said that Ambani along with Chhaya Virani, Ryna Karani, Manjari Kacker, Suresh Rangachar have resigned as directors of RCom.

By: Express Web Desk | New Delhi |
Updated: November 16, 2019 6:38:18 pm
Anil Ambani, Anil Ambani Reliance Communications, Reliance Anil Ambani, Anil Ambai resigns, indian express news Reliance Communications chairman Anil Ambani. (File)

Anil Dhirubhai Ambani, Chairman of the Reliance Communications, on Saturday tendered his resignation as director of the company.

The company in a filing said that Ambani along with Chhaya Virani, Ryna Karani, Manjari Kacker, Suresh Rangachar have resigned as directors of RCom.

“Anil D Ambani, Chhaya Virani, Manjari Kacker have tendered their resignation as Director of Company on November 15th, 2019,” the filing said.

“Your good office may also note that Shri Manikantan V, has also tendered his resignation as a director and Chief Financial Officer of the Company earlier. The aforementioned resignations shall be put up to the committee of creditors of the Company for their consideration,” the filing added.

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The development comes a day after RCom posted a consolidated loss of Rs 30,142 crore for July-September 2019 due to provisioning for liabilities after the Supreme Court ruling on statutory dues.

This was the second-highest loss posted by any Indian corporate till date.

Ambani got the charge of Reliance Communications after property division between him and his elder brother Mukesh Ambani in 2005.

(Inputs from PTI)

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