Business Standard

Ambani brothers agree on legal split

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Press Trust of India Mumbai
The feuding Ambani brothers Mukesh and Anil agreed to a legal split to put an end to the ownership battle in the Reliance group, a leading TV channel reported tonight but the flagship company Reliance Industries
limited denied any knolwedge.

Aaj Tak reported that the Ambani family--mother Kokilaben, Mukesh, chairman of Reliance Industries Limited, younger brother Anil, vice chairman of the company, and two sisters Deepti and Neena had agreed on December 28 on a settlement under which 34 percent of the RIL equity held by the family and the private companies in business empire would
be divided among the four siblings.

However, an RIL spokesperson told PTI "We know nothing about it".

 
 

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First Published: Jan 06 2005 | 10:18 PM IST

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