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Home > Business > Business Headline > Report

Mukesh camp says split inevitable

Joydeep Ray in Ahmedabad | December 11, 2004 10:32 IST

Mukesh and Anil Ambani are heading for a formal split, according to sources close to the Mukesh Ambani camp.

The sources said Mukesh Ambani had been trying to settle the issues with his younger brother but a split "now looks inevitable". Legal options were also being explored should the need arise, they said.

"Mukesh has not indulged in a media war so far as he believes the problem with his brother is essentially in the private domain and he feels a public battle will harm the interests of the millions of Reliance Group shareholders," the sources said.

Also read:
The Reliance 'ownership issue'

The sources also said Mukesh was deeply hurt by the attempts made by a section in the group to malign him. "The time has perhaps come for him to go on the offensive," they said.

Contrary to media reports that Kokilaben, wife of the late, Dhirubhai Ambani, had been trying to mediate between her two sons, the fact was that "nothing is in her control now", the sources said.

Mukesh Ambani would be presiding over the first convocation of the Dhirubhai Ambani Institute of Information and Communication Technology at Gandhinagar on Saturday. There were speculation that Anil Ambani would also come but company sources later said they had no such information.

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Number of User Comments: 7

Sub: Give the twosome chance to stich.

In any case they cannot split a national monument !!! Can they ???? It belongs to them only to the extent of 46 plus percentage. ...

Posted by chanakya

Sub: reliance : INEVITABLE SPLIT

Both the brothers are now behaving like south and north pole. so posibility of working togher is remote. Both the split faction could grow and ...

Posted by skojhabaroda

Sub: Split in Reliance Kingdom

This will probably be the most unfortunate business debacle in the history of India.

Posted by Harsha Hoskere

Sub: Politics every where in the company!

Same seems to be the politics of groupism in Reliance Infocomm Ltd, down below at all levels, creating a negative atmosphere for the really professionally ...

Posted by Observer

Sub: Whose money is it anyways?

First thing, the Ambani brothers should realise is that the empire over which they are fighting is the one that belonged to thier father and ...

Posted by Aarti



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