Neither Mukesh Ambani Nor Wife Nita, This Ambani Family Member Holds Maximum Stake In Reliance

The word is talking about the showcase of wealth that was on full display at the recently concluded Anant Ambani-Radhika Merchant¡¯s pre-wedding festivities. Hosts Mukesh Ambani and wife Nita left no stone unturned to extend their hospitality to their guests.

Contrary to expectations, the individual with the highest stake in Reliance is not Mukesh Ambani, Nita Ambani, Isha Ambani, Akash Ambani, or Anant Ambani. Despite Mukesh Ambani¡¯s colossal net worth of $117 billion (Rs 9.76 Lakh Crore), the maximum stakeholder is none other than the matriarch of the Ambani family, Kokilaben Ambani.

Inside Mukesh Ambani¡¯s Vast Business

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Mukesh Ambani, ranked among the top 10 wealthiest individuals globally according to Forbes, heads Reliance Industries Limited (RIL), the largest conglomerate in India. As of June 30, Ambani and his private entities possessed a 47.29% stake in RIL, a figure that rose to 48.87% by September 2019.

Distribution Of Shares Among Ambani Family Members

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According to Business Times, Mukesh Ambani individually possesses 75 lakh shares, equivalent to 0.12% of the total shares of Reliance Industries Limited (RIL). Meanwhile, his spouse, Nita Ambani, also holds a 0.12% stake in RIL. The couple's three children¡ªAkash, Isha, and Anant¡ªare actively engaged in various RIL businesses and initiatives. Akash and Isha serve as directors at Reliance Jio Infocomm, while Anant holds a director position at Reliance Retail Ventures. Each of the three siblings owns a 0.12% stake in RIL.

However, the family member with the highest shareholding in RIL is Mukesh Ambani's mother, Kokilaben Ambani, who possesses a 0.24% stake. This ownership corresponds to 1.57 crore shares, making her the most significant individual shareholder in the company, according to the latest shareholding pattern.

Kokilaben Ambani¡¯s Role In RIL

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Kokilaben Ambani, not directly engaged in the day-to-day business operations, commands a notable shareholding in Reliance Industries Limited (RIL) with 1,57,41,322 shares, constituting a 0.24% stake in the company. In contrast, Mukesh Ambani's children¡ªAkash, Isha, and Anant Ambani¡ªindividually possess 80,52,021 shares, each contributing to an approximately 0.12% stake in RIL.

Despite her preference for a low profile and avoidance of direct engagement in Reliance Industries, Kokilaben Ambani stands as a steadfast pillar of support for the family. While her exact net worth remains undisclosed, estimates suggest it is approximately around Rs 18,000 crore.

Kokilaben's substantial contributions to both business and philanthropy, combined with her embodiment of strength, compassion, and resilience, have elevated her to a revered status in Indian society. Her impactful presence extends beyond her family, leaving an indelible mark on various aspects of the community and industry.

The Elaborate Guest List Of Anant Ambani-Radhika Merchant¡¯s Pre-Wedding Bash

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Anant Ambani and Radhika Merchant's pre-wedding festivities unfolded in Jamnagar, setting the stage for their upcoming wedding in July. The grand celebration attracted a star-studded guest list, including notable figures such as Bill Gates, Meta CEO Mark Zuckerberg, Rihanna, Ivanka Trump, former Prime Minister of Sweden Carl Bildt, former Prime Minister of Canada Stephen Harper, President of Google Donald Harrison, former President of Bolivia Jorge Quiroga, former Prime Minister of Australia Kevin Rudd, and Chairperson of the World Economic Forum Klaus Schwab.

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