The Ambanis

 Akash Ambani (30), Mukesh Ambani's first born will be taking over as the chairman at Reliance Jio Infocomm Ltd, India's No 1 wireless carrier. Mukesh Ambani will still helm the Jio platform, though he's resigned from the Infocomm board. This is probably a stopgap arrangement until Jio Platforms announce their much awaited initial public offering. They have Meta Platforms Inc and Alphabet Inc as their investors. JioMart, the commerce segment of the Reliance Industries will be chaired by Isha Ambani, Akash Ambani's twin sister. 

At an employees' event last year, during December, Mukesh Ambani has first spoken about "momentous leadership transition". It is speculated that retail, telecom and energy may end up as professionally managed and independently listed companies with equity participation. Such a listing would lead to problems at the stock market where the value of the conglomerate would be less than the sum of its parts. 

During the summer of 2009, when Mukesh Ambani and Anil Ambani were at courts with their dispute over gas, the combined stock market value of their empires was $108 billion. Currently, Mukesh Ambani's empire is worth $221 billion, while Anil Ambani's group is pretty much just left with whatever creditors can get from bankruptcy, outside of power generation, transmission and distribution. 

Reliance industries enjoys a formidable cost of capital advantage as it has high operating profit and little debt and keeping that edge would help considering its competition. With so much going on with the competition and tie ups with other companies, Reliance with want very little drama in the board room. For now, this family setting should work well to keep that away.