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10 Aug, 2022
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The New Indian Express.com

Next Generation Ambani’s – The Mukesh Ambani Succession Plan Has Begun!

Mukesh Ambani’s elder daughter Isha Ambani is soon going to be named as the chairperson of the Reliance conglomerate’s retail unit. Following the revelation by company sources, it becomes clear that Indian billionaire Mukesh Ambani is pushing ahead with his plan for succession of his business functioning.

According to close sources, the announcement of Isha Ambani’s elevation could come as early as Wednesday. However, the company’s official representatives declined to comment on this matter. The news about Isha’s promotion as Reliance Retail chairman follows that of her twin brother Akash Ambani’s appointment as the chairman of the telecom unit, Reliance Jio Infocomm Ltd.

Top Position In Reliance Industries Ltd

The heirs of Mukesh and Nita Ambani– Isha Ambani, Akash Ambani, and Anant Ambani, already holds key positions in various RIL group companies. While Isha Ambani is currently working as the director of Reliance Ventures Ltd, she also sits on the Board of Directors of Reliance Jio Infocomm. Her twin brother Akash Ambani, recently got promoted as the telecom unit chairman, who earlier held the position of director in the same unit.

 Meanwhile, the youngest son of three, Anant Ambani, is currently working as the Director of Reliance industries’ energy venture.

Reliance Deals Where Siblings Actively Participated!

Prior to their position holding, both Isha and Akash Ambani actively participated in negotiation for Reliance Industries Ltd’s mega divestment spree in 2020. During that spree, top companies in the world, including Google, Facebook, General Atlantic, and even Saudi Arabia’s sovereign Public Investment Fund (PIF), invested in the retail and digital segments of the company.

The next generation of the Ambani family has also played a key role in rolling out both Reliance Jio and Reliance Retail. Both Reliance Retail and Reliance Jio are subsidiaries of the family’s oil-to-telecom company grouping. Of these firms, the $217 Reliance Industries Ltd holds the flagship position, whose chairman and managing director’s position is held by Mukesh Ambani.

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