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A day in the Ambanis' life

June 18, 2005 18:09 IST

Following are the highlights of the day's happenings that ended with the settlement of ownership issues in the Ambani family.

June 18, 2005

0700 hrs: Marathon meeting to give final touches to settlement between Ambani brothers ends. Anil Ambani steps down as vice chairman and managing director of Reliance Industries Ltd.

0830 hrs:Reliance Industries Ltd board meets to approve the settlement in the Ambani family.

0930 hrs: The board puts seal of approval on the settlement.

0940 hrs: Kokilaben comes out with a signed statement giving details of the settlement. RIL and IPCL go to Mukesh while Anil gets Reliance Energy, Reliance Capial and Reliance Infocomm.

1200 hrs: RIL board thanks Kokilaben for her role in settlement of dispute.

1230 hrs: Mukesh's close aide Anand Jain gets marching orders from IPCL board.

1300 hrs: Finance Minister P Chidambaram hails the settlement of dispute between Ambani brothers.

1330 hrs: Industry chambers welcome resolution of the dispute between the Ambani brothers.

The Reliance ownership issue: Complete Coverage

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Number of User Comments: 1

Sub: Hope the conflict doesnt extend !!

One more thing we can add to the list is that by 5 PM, the stock markets were booming like anything

Posted by balajirules


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