Within weeks of granting shares worth about Rs 11 lakh, Bank of America has given fresh shares worth over Rs 72 lakh to Mukesh Ambani as part of his annual fee for being a director of the US banking major.
The billionaire industrialist joined Bank of America's board in March and his appointment was approved by the US banking giant's shareholders last week.
Ambani has so far got shares worth about Rs 83 crore in two tranches and might get a total of over Rs 1 crore of annual compensation in cash and stocks, going by the bank's director, compensation policy.
