 Mr. Mukesh D Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL), called on Mr. M L Bhakta, one of the senior most Directors of the Company today afternoon. Mr. Bhakta, who has been on the Board of Reliance Industries Limited since 1977, had in a letter addressed to the Chairman yesterday expressed his desire to resign as a Director of the Company on the grounds of age.
Dhirubhai Ambani Knowledge City, Navi Mumbai, India,
November 24, 2004 (Xtvworld) -- During the meeting, Mr. Ambani recalled Mr.
Bhakta’s association with the Company since its first IPO, the invaluable
services rendered by him to Reliance Industries Limited as a valued colleague of
the Founder Chairman of the Company, Mr. Dhirubhai Ambani, and as a guide and
mentor of the present leadership of the Company thereafter. Requesting Mr.
Bhakta to reconsider his resignation, Mr. Mukesh D Ambani said: “I cannot
even imagine accepting it.â€
After a warm and affectionate exchange of views, Mr. Bhakta has agreed to
reconsider his resignation.
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