ADAG (Anil Dhirubhai Ambani Group) stocks – Reliance Communications, Reliance Capital, Reliance Infrastructure and Reliance Power have rallied in the range of 2-5% on buzz of a patch-up between the Ambani brothers.
Addressing local media in Chorwad, Dhirubhai Ambani’s birthplace in Gujarat, the Ambani family matriarch Kokilaben hinted her sons Mukesh and Anil Ambani may be getting closer again, the report suggests.
The Ambani family will inaugurate the Dhirubhai H Ambani Memorial, ‘Dhirubhaino delo’ in Chorwad on December 28.
“The memorial will be inaugurated by the late industry patriarch's wife Kokilaben Dhirubhai Ambani, two sons Mukesh Ambani and Anil Ambani, daughters Dipti Salgaonkar and Neena Kothari, along with all the other family members," according to an official statement issued by Reliance Industries (RIL).
RIL, on the other hand, is trading higher by 1% at Rs 767 on the National Stock Exchange.