Mukesh Ambani’s daughter Isha Ambani set to be named chair of Reliance Retail; signalling succession plans

Isha Ambani is set to be named chairman of the Reliance conglomerate’s retail unit in another sign that her father, Indian billionaire Mukesh Ambani, is pushing ahead with a plan for succession in one of Asia’s richest families.

An announcement of Isha Ambani’s elevation could come as early as Wednesday, according to people with knowledge of the matter, who asked not to be identified ahead of a formal statement. She is currently director of Reliance Retail Ventures Ltd.