Isha Ambani's promotion follows that of her twin brother Akash, who was made chairman of Reliance Jio Infocomm Ltd.'s telecom sector on Tuesday. Isha and Akash both worked on the teams that negotiated Meta Platforms Inc.'s investment in the group.
Digital Desk: In yet
another indication that her father, Indian billionaire Mukesh Ambani, is moving
through with a plan for succession in one of Asia's wealthiest families, Isha
Ambani is scheduled to be made chairman of the Reliance conglomerate's retail
division.
Isha Ambani's promotion could be disclosed as soon as this
Wednesday, according to knowledgeable sources who declined to be named before a
formal announcement. She is now a director of Reliance Retail Ventures Ltd.
A spokesman for the group declined to comment.
Isha Ambani's promotion follows that of her twin brother Akash,
who was made chairman of Reliance Jio Infocomm Ltd.'s telecom sector on
Tuesday. Isha and Akash both worked on the teams that negotiated Meta Platforms
Inc.'s investment in the group.
Isha, 30, graduated from Yale University. The younger twins'
brother, Anant, is 27 years old.
Reliance Retail and
Reliance Jio are divisions of the family's oil-to-telecom conglomerate, whose
$217 billion Reliance Industries Ltd. is its flagship business. Mukesh Ambani
is the chairman and managing director of Reliance Industries.
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