Thread by @TickertapeIN

Akash Ambani appointed chairman as #MukeshAmbani steps down 🪜

Planned succession move or impulsive decision?

A thread🧵

Akash Ambani has been appointed as the chairman of the board at #RelianceJio, following the resignation of Mukesh Ambani, signalling a transition in leadership 🫡

According to report, Isha Ambani is also set to become the chairman of the #Reliance conglomerate’s retail unit 🛒

Succession plan?

Mukesh Ambani has studied the ways in which billionaire families pass on the baton to the next generation 🔑

He is finally taking the steps necessary to bring new and fresh perspectives into India’s largest conglomerate 🇮🇳

What’s the need?

Having seen power struggles, media trials and feuds, Mukesh Ambani has been trying to make sure his $200 billion empire is not ripped apart in a succession warfare 🪖

Essentially ensuring there is a smooth transition between the generations 🧬

The billionaire has reportedly instituted a #Reliance family council which enables the family members who are not directly associated with the business to have a say in matters 📢

Which will play a key role in devolving power to the next generation of the Ambani clan 😎

Through successive rights issues, the family has been transferring shares between various promoter groups 💸

This restructures their individual stakes and is a direct hint to the succession plan 📃

How do you think this plan is going to affect India’s most prized corporate possession? 👇

Also, have a look at some of the major stock deals and get an insight into how promoter groups operate

tickertape.in/stockdeals