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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.'