Reliance’s Ambani wants to stop an ugly succession battle—again

one thing clearly Mukesh AmbaniThe president of India’s Most Valuable Company, knows about conserving wealth: Avoid succession battles at all costs.

By stepping down as chairman on Tuesday one of Reliance IndustriesThe biggest subsidiary, Reliance Jio Infocomm, heralded the much-anticipated transition of power in the $222 billion conglomerate. his eldest son, Akash Ambanitook over as the chairman of India’s top telecom subsidiary. her daughter, Isha AmbaniAccording to Bloomberg and the Economic Times, she will soon be named as the chairperson of Reliance’s retail arm.