BUSINESS

Anand Jain stays on IPCL board

MUMBAI: Anand Jain, a key confidant of Reliance Industries' Chairman and Managing Director Mukesh Ambani, has not quit the board of the group's petrochemical company IPCL contrary to media reports. "Mr. Jain has not quit IPCL,'' an RIL spokesperson said. Reports had suggested that Mr. Jain had resigned on June 18, the day of settlement of the ownership issues in Reliance empire.

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