Nita Ambani likely to be chair of merged Reliance-Disney media business, say sources

New Delhi: Nita Ambani, wife of Indian billionaire Mukesh Ambani, is likely to be appointed chair of the board when Reliance Industries and Walt Disney merge their India media assets, two sources familiar with the plans said.

Reliance, controlled by the Ambani family, and Disney are closing in on signing their India media merger deal which has been in the works for months, and an announcement is likely late Wednesday, the sources said.

The plans could change ahead of an official announcement. Reliance did not respond to a request for comment, while Disney declined to comment.

Nita Ambani’s appointment as chair will come just months after she quit the board of Reliance Industries to focus more on charity work. She is currently founder and chair of the Reliance Foundation.