Following are the highlights of the day's happenings that ended with the settlement of ownership issues in the Ambani family.
June 18, 2005
0700 hrs: Marathon meeting to give final touches to settlement between Ambani brothers ends. Anil Ambani steps down as vice chairman and managing director of Reliance Industries Ltd [Get Quote].
0830 hrs:Reliance Industries Ltd board meets to approve the settlement in the Ambani family.
0930 hrs: The board puts seal of approval on the settlement.
0940 hrs: Kokilaben comes out with a signed statement giving details of the settlement. RIL and IPCL [Get Quote] go to Mukesh while Anil gets Reliance Energy [Get Quote], Reliance Capial and Reliance Infocomm.
1200 hrs: RIL board thanks Kokilaben for her role in settlement of dispute.
1230 hrs: Mukesh's close aide Anand Jain gets marching orders from IPCL board.
1300 hrs: Finance Minister P Chidambaram hails the settlement of dispute between Ambani brothers.
1330 hrs: Industry chambers welcome resolution of the dispute between the Ambani brothers.
The Reliance ownership issue: Complete Coverage
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