RIL board, headed by Mukesh Ambani, on Saturday approved a demerger plan as part of separation of group companies Reliance Energy and Reliance Capital to create a separate entity for younger sibling Anil Ambani.
An end to the bitter seven-month old battle between the Ambani brothers for the ownership of the Reliance business empire appeared imminent and an announcement about the settlement is likely to be made on July 6, the third death anniversary of their
The Ambani brothers' (Mukesh & Anil) settlement issue, which is doing rounds for the last few days, are understood to have been worked out and are expected to be formalised within the next six weeks.
Finance Minister P Chidambaram on Saturday said that the two Ambani brothers -- Mukesh and Anil -- are moving towards settlement and there was no need for any government intervention in the family dispute.\n\n
Amid speculations that negotiations between the warring Ambani brothers have resumed after the stormy board meeting of flagship company Reliance Industr
Reliance Industries vice chairman Anil Ambani on Thursday met Pradeep Baijal, chairman of Telecom Regulatory Authority of India.
A meeting of the board is being convened on December 27 to consider the "proposal for purchase of company's own equity shares, that is buyback of shares," RIL said in a communiqué to the Bombay Stock Exchange on Monday.
The Mukesh Ambani-controlled Reliance Infocomm on Sunday said it had invested over Rs 14,000 crore towards rolling out its information and communication infrastructure, and dismissed allegations of huge bad debt.
Six directors of Reliance Energy Ltd have resigned from the board.
Reliance Group Chairman Mukesh Ambani has admitted to differences with his brother Anil over 'ownership issues,' but said "they are in the private domain."
The Nifty advanced 21 points to to close at 2,144. Reliance Energy vaulted 11.33% (Rs 67) to Rs 658. Reliance Industries zoomed 4.92% (Rs 30) to Rs 630.\n\n
The younger Ambani sibling had a two-hour meeting with K V Kamath, chief of ICICI Bank and a friend of the family, who is said to be working out a formula to end the feud at the behest of Kokilaben Ambani.
As part of ongoing de-merger of Reliance group companies following settlement of ownership between two Ambani brothers, Mukesh Ambani-owned Reliance Industries Ltd has acquired 37.95 per cent stake in Reliance Energy, owned by the younger brother.
A designated Delhi court has directed the Chief Metropolitan Magistrate to issue summons to Reliance group chairman Mukesh Ambani and its managing director Anil Ambani.
After investors lost over Rs 16,000 crore (Rs 160 billion) in the stock market wealth in a single day on Thursday, the Sensex on Friday staged a smart comeback, jumping 93.29 points closing a shade below the 6750 mark.
Anil Ambani's Reliance Power tops the table with 3.46 million shareholders
In its latest issue, the weekly magazine takes a close look at the lifestyle of the two Ambani brothers as part of a survey of the leading business families of Asia.
The Delhi high court on Thursday extended for a month the date of appearance of the Ambani brothers before a city court in connection with an Official Secrets Act case.
Heavy selling towards the closing bell saw the Sensex end with a huge loss of a per cent (64 points) at 5,962.
Senior advocate Mukul Rohatgi was on Thursday appointed as the new Attorney General and will have a tenure of three years. The law ministry issued a formal notification appointing him as the top law officer of the National Democratic Alliance government.
Senior advocate Mukul Rohatgi will be the new Attorney General of India following change in the government at the Centre.
The long-overdue consolidation makes indebted RCom an even more attractive partner for a soon-to-launch upstart led by older brother Mukesh.
In what is in effect a deposit to be paid into court pending a full trial in the case, Judge David Waksman has set a six-week timeline for Anil to pay $100 million to three Chinese banks as he concluded that he did not accept Ambani's defence that his net worth was nearly zero or that his family would not step in to assist him when "push came to shove".
The amount from securitisation has been utilised to repay rupee debt, saving significant interest costs for the company.
According to the agreement, RIL will transfer its existing textile business under the Vimal brand into a newly incorporated company in which RIL will hold 51 per cent stake. The remaining 49 per cent stake will be sold to Ruyi.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances