Mukesh Ambani sets succession plan in motion by promoting his children

On Tuesday, Indian billionaire Mukesh Ambani made way for his first-born Akash Ambani to become the chairman of India's No. 1 wireless carrier Reliance Jio Infocomm Ltd. Akash's twin sister Isha, 30, is set to be appointed chair of Reliance's retail arm. While Reliance has telegraphed such a leadership transition, the move underscores the senior Ambani's efforts to avert family feuds. https://ift.tt/AOnPLmF