Business Standard

Ambanis in Billionaire Feuds list

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Press Trust Of India New York
Mukesh and Anil Ambani are once again in a list of richest people compiled by US business magazine Forbes. But this time the billionaire brothers have received mention for their running feud.
 
"Sometimes fighting has a silver lining, as has been the case for Mukesh and Anil Ambani," Forbes wrote in a report on Billionaire Family Feuds.
 
"Unable to get along, the brothers began fighting publicly in late 2004 for control of Reliance Industries. The situation became so untenable that their mother Kokilaben brokered a court- approved peace settlement that entailed divvying up the family businesses." the report said.
 
"Once-inseparable brothers Mukesh and Anil Ambani fought bitterly for months over control of Reliance Industries, one of India's largest companies, founded by their father late Dhirubhai."
 
According to Forbes, the bickering is still continuing between the two brothers despite their mother brokering a settlement to divide the family assets way back in June 2005.

 
 

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First Published: Oct 29 2007 | 12:00 AM IST

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