Mukesh Ambani, who ranks among the world's top 10 billionaires, first signaled last year that his children would have significant roles in the family's business empire.
It is widely anticipated that he may hand over the reins of the retail business to Isha, 30, who is married to Anand Piramal (son of Piramal Group's Ajay and Swati Piramal).
NEW DELHI, June 28: In the first clear signs of a succession plan being charted out at India’s most valuable company, billionaire Mukesh Ambani resigned from the board of his USD 217 billion group’s telecom arm, Reliance Jio, and handed over the firm’s reins to elder son Akash. In a stock exchange filing, Reliance Jio Infocomm Ltd on Tuesday said the company’s board at a meeting on June 27, “approved the appointment of Akash M Ambani, non-executive director, as chairman […]