Mukesh Ambani to forego salary, RIL board members to take pay cut amid coronavirus pandemic
Updated : April 30, 2020 04:58 PM IST
In a letter to employees dated April 29, Reliance Industries' executive director Hital R. Meswani stated that Ambani will forego his entire compensation.
Additionally, the company’s board of directors, including executive directors, executive committee members and senior leaders will forego 30-50 percent of their compensation.
Employees in the hydrocarbons business with salaries in excess of Rs 15 lakh per annum will see a 10 percent reduction in their fixed pay.