Rediff India Abroad
 Rediff India Abroad Home  |  All the sections


The Web

India Abroad

Sign up today!

Article Tools
Email this article
Top emailed links
Print this article
Contact the editors
Discuss this article

Home > Business > PTI > Report

I am final authority on RIL: Mukesh

November 23, 2004 18:15 IST
Last Updated: November 23, 2004 18:26 IST

A day after going public with his statement on 'ownership differences' in the Reliance Industries, Group Chairman and Managing Director Mukesh Ambani said he is the 'final authority' on all matters concerning the company.

"There is no ambiguity in his (late father Dhirubhai Ambani) legacy, and the chairman and managing director is the final authority on all matters concerning Reliance," he said in an e-mail message to over 80,000 employees of the group.

"Our founder-chairman late Dhirubhai Ambani had taken all necessary steps to separate ownership from management and had settled all issues during his lifetime," Mukesh said in the message.

He also sought to clarify that there would be no impact on the functioning of the group by the ongoing controversy over reported differences with his brother Anil.

"There is no question of any effect on the integrity of Reliance. Reliance will continue to grow in strength," sources quoted Mukesh as having said.

Reliance's commitment to break new grounds in global leadership initiatives stands firm, he added.

Anil Ambani, who was said to be planning to respond to Mukesh's statement, could not be contacted despite several attempts.

In a bid to quell a raging controversy in the market and corporate world, Mukesh had issued a statement on Monday saying that his remarks on a private TV channel last week were 'torn out of context' and that their father had 'settled all issues pertaining to Reliance within his lifetime.'

© 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: I am final authority: MUKESH

Mukesh being elder son of Dhirubhai, has a bigger resposibility to handle all family members as well as business members. If required he should own ...


Sub: Demolish before it start

The so called entrepreneurship of Ambani's is now exposed by the typical gujju style business. None of these MBA Grads are near to Late Dhirubhai.

Posted by Santosh

Sub: Reliance is Above all like Tata's

As the people of india have a habit to thinkBig, Similary 2 giants of ambani family must settle disputes personally without making any adjustments to ...

Posted by Suman Sibal sumansibal

Sub: Rediff - Shut up and know when to quit

Cut it out rediff - enough of this crap! Why in the world are you guys bothered about what happens in other households is something ...

Posted by Rupinder Singh



Copyright 2006 India Limited. All Rights Reserved.