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Mukesh Ambani has Resigned as a Director

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@arunava
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Yes guys Mukesh Ambani has recently resigned as a Director and now his Son Aakash Ambani is the new Chairman of Reliance Jio. But there are a lot of people under the assumption that Mukesh Ambani has entirely left Reliance Group which is not true as Reliance Group has more than 300 Subsidiary Companies and his Son is just the Chairman of one of those Subsidiary Companies. So because of that, the Share Price of Reliance dropped by almost 7 percent and even though I didn't know about this Story I saw this as an excellent opportunity to just Buy a Single Stock of Reliance today and add it to my Pool.

There is no doubt in my mind that there is a huge Question Mark as to how Aakash Ambani will run the Reliance Jio Operations but not many people know that he was the one that made the Facebook-Jio merger take place and was a key figure in that Deal. We always see Mukesh Ambani in the news so it is hard to check on the accomplishments of their Children who are contributing to the Business as well.

Personally, I will be buying some more stocks of RELIANCE provided it goes down even further, and watch how they progress in a Year and only then decide what effect Aakash Ambani has on Reliance Jio and is it a Positive Impact or not. I really hope RELIANCE has a bright future ahead of it as I am partly Invested in it. Hehe.