The Web


 Latest Business news on mobile: sms BIZ to 7333

Home > Business > PTI > Report

Let mom decide: Mukesh Ambani

December 11, 2004 20:54 IST

Kokilaben Ambani, widow of the founder of the Reliance empire, on Saturday emerged as the likely arbiter in the battle between her two sons with the elder one Mukesh leaving 'all settlement issues' to her, a path his brother Anil had favoured a few days ago.

In an important turn in the battle for the control of the Rs 90,000-crore group, founded more than a quarter century ago by Dhirubhai Ambani, a spokesperson for Mukesh said on Saturday night that he would abide by whatever decision she takes.

Asked if this has been conveyed to Anil also, he replied in the negative saying there was no communication from the younger brother who had been talking through the media.

Also Read

Split inevitable: Mukesh camp

Anil sees opportunity in adversity

"Mukesh Ambani has not sought any legal separation. This is a false propaganda. He has left the entire matter in the hands of his mother (Kokilaben) and whatever she decides he will abide by it," the spokesperson told PTI.

Earlier in the day, sources in the Anil camp had accused Mukesh of turning down the efforts to stay united and seeking a 'formal legal separation'.

This was described by Mukesh's spokesman as 'a figment of imagination, baseless and nonsensical'.

In October 2002, the two brothers and their sisters, Dipti and Neena, along with their mother had signed a 'Deed of Release' leaving the entire property and assets of Dhirubhai, who died without a will, to Kokilaben.

When asked about the ongoing tussle in the Ambani family, spiritual guru Bhai Shri Oza said, "Thakurji ki kripa se sab accha hoga (By the grace of God, everything would be fine).

He did not reveal his role in efforts to solve the dispute between the Ambani brothers.

7333: The Latest News on Your Mobile!

© Copyright 2005 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Share your comments

 What do you think about the story?

Read what others have to say:

Number of User Comments: 4

Sub: They have a brand called ''harmony''

It is only the "harmony" that can bind them together. In any classical orchestra, and mind you this RIL orchestra is an exceptionally and extra-ordinarily ...

Posted by chanakya

Sub: Maa decides

It eyes got damp to read the news that Mukesh Ji will abide by Mother's decision. I left India 3 decades ago and did not ...

Posted by Joybhaaret

Sub: Tussle in the family

I can't understand what actually is wrong with the Reliance Group.Is it a mere property dispute among the brothers? Or is it an ego clash ...

Posted by Anil kumar

Sub: let mom decide.

it is, in fact, not for the mom to decide. it is for us indians to decide. government of india should show the guts that ...

Posted by pradeep


Article Tools
Email this article
Top emailed links
Print this article
Write us a letter
Discuss this article

Copyright © 2005 India Limited. All Rights Reserved.