Ambani Outlines Heirs’ Roles in Future of $220 Billion Empire
- Children to helm telecom, retail and green energy businesses
- AGM also saw details on 5G rollout, renewables investment
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Billionaire Mukesh Ambani outlined the businesses each of his three children will oversee during Reliance Industries Ltd.’s annual shareholder meeting, laying down for the first time a clear succession path at the $220 billion Indian conglomerate that was mired in a bitter fraternal feud almost 20 years ago.
“Reliance’s next-gen leaders are confidently taking over the reins across businesses,” Ambani, 65, said on Monday, referring to his son Akash, daughter Isha and youngest son, Anant. “Akash and Isha have assumed leadership roles in Jio and Retail respectively. They have been passionately involved in our consumer businesses since inception. Anant has also joined our New Energy business with great zeal.”