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K.V. Kamath appointed independent director of Reliance Industries

The Board of Directors of Reliance Industries Limited (RIL) has, at its meeting held on Friday based on the recommendation of the Human Resources, Nomination, and Remuneration Committee considered and recommended to the shareholders for approval the appointment of K.V. Kamath as an Independent Director of the Company for a term of five consecutive years with effect from the date of assumption of office.

Reliance Capital COC divided on Challenge Mechanism

The Committee of Creditors (COC) of Reliance Capital, which met on Friday to decide on the Challenge Mechanism process, remained divided and undecided on the modalities of the proposed process to be adopted in the bidding process.