None of the Ambani brothers -- Reliance Industries Ltd (RIL) vice-chairman Mukesh Ambani or managing director Anil Ambani -- attended any of the seven board meetings of Larsen & Toubro (L&T) last year.
The Ambanis are non-executive directors on the L&T board by virtue of their large stakeholding in L&T, which they said they would divest.
The L&T board members met seven times last year, and the Reliance nominees were the only ones not to attend even a single meeting.
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However, M L Bhakta, managing partner of Kanga & Co, the solicitors to RIL, and also a member of the RIL board, attended all the seven meetings.
Both the Ambani brothers are also members of two sub-committees of the L&T board -- though neither of them chair any of the sub-committees.
The Ambanis are, however, now expected to step down from the board of L&T following the sale of their entire stake. L&T has held the shares in L&T for over 12 years, and had once even contemplated taking over the engineering major.
Over the last couple of years, the Ambanis' interest in L&T had waned following the diversification of L&T into cement and a whole range of other non-core businesses.