Ambani eyes Walmart's Walton family for succession plan

IndiaTimes Tuesday, 23 November 2021
Ambani is considering moving his family's holdings into a trust-like structure that will control the Mumbai-listed flagship Reliance Industries Ltd, the people said, asking not to be identified on a topic they're not authorized to discuss publicly. Ambani, his wife Nita, and three children will have stakes in the new entity overseeing Reliance and be on its board, along with a few of Ambani's long-term confidantes as advisers.

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