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Reliance’s Ambani wants to prevent nasty succession battle again


There is clearly one thing Mukesh Ambanipresident of India’s most valuable corporation, knows how to preserve wealth: avoid succession battles at all costs.

On Tuesday leaving his post as chairman of one of the Trust Industries‘ largest subsidiary, Reliance Jio Infocomm, it began the long-awaited transition of power to the $222 billion conglomerate. His eldest son, Akash Ambani, took the presidency of the subsidiary, the first Indian telecom. Her daughter, Isha Ambaniwill soon be named president of Reliance’s retail unit, according to Bloomberg and the Economic Times.

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