Mukesh Ambani wants to save children from succession dispute
The appointment of Akash Ambani as the chairman of the board of directors of RJIO has been approved with effect from June 27. The stock exchange has been informed about this on behalf of the company on Tuesday.

A big news has come out of the country’s largest industrial house Reliance Group on Tuesday. Reliance chief Mukesh Ambani has handed over the post of supervisor of Reliance Jio Infocomm Ltd to Akash Ambani in the process of handing over the reins of succession to the next generation.

The appointment of Akash Ambani as the chairman of the board of directors of RJIO has been approved with effect from June 27. The stock exchange has been informed about this on behalf of the company on Tuesday. Last year, Bloomberg had claimed in a report that Mukesh Ambani, the head of Reliance Industries, was preparing to transfer the business to the next generation.

That report also said that Mukesh Ambani would follow the model of retail chain Walmart founder Sam Walton in choosing the successor of Reliance Group’s business spanning from oil to telecom. PLC/GT

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