(Bloomberg) — Reliance Industries Ltd.’s Navin Wadhwani has left the Indian conglomerate after overseeing its mergers and acquisitions activities for more than 10 years, according to people familiar with the matter.
Wadhwani, who joined in 2011 from Rothschild, left billionaire Mukesh Ambani’s firm at the end of last year, said one of the people, who asked not to be identified as the information is private. The deal veteran is taking a break and attending courses on artificial intelligence at a university, the person added.
Wadhwani, 50, led Reliance’s M&A team which spearheaded an over $27 billion fundraising spree for its non-energy business. He was also involved in talks with Saudi Arabian Oil Co. for a stake sale in the group’s oil-to-chemicals unit. Reliance and Aramco called off the deal in 2021 after two years of discussions.
A representative for Reliance declined to comment on Wadhwani’s departure.
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