Business empire: A Reliance Jio store in Mumbai. Ambani has built Reliance into India’s largest company by market value and has been diversifying the corporate behemoth beyond its fossil fuel-led origins toward technology and renewable energy. — Bloomberg
MUMBAI: 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 US$220bil (RM986.8bil) Indian conglomerate that became 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, referring to his son Akash, daughter Isha and youngest son, Anant.
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