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Is the Ambani feud nearing its end

May 10, 2010 · Filed Under Ambani Family · Comment 

A billion dollar question: Is the famous Ambani feud nearing its end?

Shares of Mukesh Ambani’s Reliance Industries jumped 2.3% Friday. Those of Reliance Natural Resources, owned by brother Anil Ambani, slid 23%. The reason: Investors interpreted an Indian Supreme Court decision in Reliance Industries‘ favor after a five-year court tussle.

At the heart of the feud is a contract between Mukesh and Anil in which Reliance Industries agreed to sell natural gas to Reliance Natural Resources at $2.34 a million British thermal units, 44% less than the government-recommended price of $4.20 per mbtu.
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Ambani family spat hits NELP

October 13, 2009 · Filed Under Ambani Family · Comment 

The deadline for submitting bids for auction of oil and gas blocks in the country under NELP VIII ended on Monday. It confirmed the suspicions that the response this time was at best lacklustre.

Did global investors keep away because of the Ambani brothers spat or is it subdued crude prices or both?

The Ambani family dispute over control of natural gas has hit where it hurts the most, the multi-billion dollar investments, as global majors stayed away from the eighth auction of oil and gas and the country received only half of what it had sought bid for.
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Rahul Bajaj asks Ambani brothers to bury differences

January 9, 2009 · Filed Under Ambani Family · Comment 


Immediately after settling his dispute with younger brother Shishir, Bajaj family patriarch Rahul Bajaj today asked the fighting Ambani brothers to learn from his experience and end animosity.

“I have said it openly to both of them to please settle (differences), that is the best way for both of you. You are rich and outstanding entrepreneurs, outstanding industrialists,” Rahul Bajaj told private news channel.
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Ambani divorce papers may soon be in public domain

August 2, 2008 · Filed Under Reliance Industries · Comment 

The famous, but so far unseen, family agreement, which formalised the split between Mukesh and Anil Ambani, may soon become public.
“The MoU, if required, would be produced before the court by Smt Kokilaben, mother of the Ambani brothers,” according to Ram Jethmalani, counsel for Reliance National resources (RNRL), an Anil Ambani group company, which is engaged in litigation with the Mukesh Ambani-controlled Reliance Industries over natural gas supply from the Krishna-Godavari (KG) basin. Mr Jethmalani spoke to ET on the sidelines of the legal proceedings in the Bombay High Court. Continue Reading »»

Hearing on dispute over Reliance gas adjourned till Wednesday

July 23, 2008 · Filed Under Reliance Natural Res · Comment 

he Bombay High Court Tuesday adjourned by a day the hearing of a dispute between Anil Ambani-led Reliance Natural Resources Ltd (RNRL) and Mukesh Ambani’s Reliance Industries Ltd (RIL) over gas supplies from the Krishna-Godavari basin. The hearing was postponed after RNRL appealed to the court that the matter should be heard by the chief justice of the Bombay High Court, a spokesperson of Reliance Infrastructure, a sister company of RNRL, told IANS. “The division bench directed the counsels appearing for the two sides to mention the matter before the chief justice of the Bombay High Court Wednesday,” he said. Continue Reading »»

MTN-Reliance tie-up collapses amid family feud

July 19, 2008 · Filed Under Reliance Comm · Comment 

South Africa’s MTN walked away from a potential combination with India’s Reliance Communications yesterday, scuppering the creation of an emerging market telecoms giant and damaging the standing of corporate India. Continue Reading »»

World’s richest brothers feud again

July 15, 2008 · Filed Under Reliance Comm · Comment 

Two years ago, Mukesh Ambani and Anil Ambani, who control India’s Reliance group of industries, accused each other of lying, misleading shareholders and delaying the process of dividing the businesses between them.
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Video on Ambani vs Ambani : Ambani brothers’ feud

June 24, 2008 · Filed Under Videos · Comment 




Shares in the Indian mobile operator Reliance Communications fell almost 2 percent Monday amid fears that a family feud could delay a multibillion-dollar merger with MTN of South Africa. Continue Reading »»