BusinessMukesh Ambani Caps Salary At 15 Crores Again, His Cousins Earn More
ADVERTISEMENT
Mukesh Ambani Caps Salary At 15 Crores Again, His Cousins Earn More
Reliance Industries chief Mukesh Ambani did not take any stock option
His salary, perquisites, allowances, commission at 15 crores since FY09
His pay cap continued while other executive directors' remunerations rose
Mukesh Ambani's remuneration for 2016-17 included Rs 4.16 crore as salary.
New Delhi: Reliance Industries boss Mukesh Ambani kept his annual salary capped at Rs 15 crore for the ninth year in a row and did not take any stock option even as the remuneration of most executive directors on the board rose.
Mr Ambani, the richest Indian, has kept salary, perquisites and allowances and commission at Rs 15 crore since 2008-09, forgoing almost Rs 24 crore per annum.
"The chairman and managing director's compensat...