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Home > Business > PTI > Report

Anil meets Chidambaram

December 24, 2004 19:53 IST

Vice Chairman and managing director of Reliance Industries Anil Ambani, who is engaged in a bitter battle with his elder brother Mukesh, on Friday met Finance Minister P Chidambaram.

Anil did not comment on what he discussed with Chidambaram in the hour-long meeting. He also did not take any questions on the on-going developments in the Rs 90,000 crore (Rs 900 billion) Reliance Group.

Asked if Mukesh Ambani's announcement of giving up Rs 50 crore shares of Re 1 at par answered his query on changes in equity pattern of Reliance Infocomm, Anil did not comment.

Earlier, SEBI Chairman G N Bajpai who had a meeting with Chidambaram said, "We are keeping a close watch (on developments in Reliance)."

Asked about the alleged breach of corporate governance in the Reliance Group of companies, particularly RIL, Bajpai said "Corporate governance issues are being looked into by stock exchanges as per clause 14 of listing agreement." However, he did not elaborate on any specific issue.

Anil, who also met economic affairs secretary Rakesh Mohan prior to his meeting with the Finance Minister, left for Mumbai.

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