Billionaire Ambani’s Son Appointed as Director in Step Toward Succession

  • Anmol Ambani approved as executive director at Reliance unit
  • First board spot for 24-year-old seen as successor to founder

Jai Anmol and Anil Ambani in Mumbai on Sept. 27.

Photographer: Rafiq Maqbool/AP Photo

Shareholders at Reliance Capital Ltd. approved the appointment of Jai Anmol Ambani as an executive director Tuesday, grooming a prospective heir to his billionaire father at parent Reliance Anil Dhirubhai Ambani Group.

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