The first of the announcements about the settlement could be made between four and six weeks although restructuring of group companies and legal formalities could take six months.

Being keenly watched by the government, the settlement process has made speedy progress during the last one month to end the fiercest battles in the country's corporate history, knowledgeable sources said.

Kokilaben, widow of the founder chairman of Reliance, Dhirubhai Ambani, is meeting the two brothers separately almost on daily basis, sources said.

The Reliance 'ownership issue'

Contrary to media reports about the confusion over who would get Reliance Capital [Get Quote], the sources indicated that the company operating in the market is set to go to Anil along with Reliance Energy [Get Quote] and Reliance Infocomm, headed by Mukesh.

As per the broad understanding, new businesses of Reliance group that came into existence in the last few years would go to younger brother Anil while the parent company RIL [Get Quote] and petrcochemcial venutre IPCL [Get Quote] would be retained by Mukesh. Possibilities of a merger between RIL and IPCL in future could also not be ruled out.

Finance Minister P Chidambaram had recently said that the two Ambani brothers were moving towards settlement and there was no need for any government intervention in the family dispute.