Ambanis will find a way out: Kamath

Amid speculation that negotiations between the warring Ambani brothers have resumed after the stormy board meeting of group flagship company Reliance Industries Ltd, ICICI Bank chief and family friend KV Kamath today exuded hope that the two siblings would "find a way out".

Kamath, asked to evolve a settlement formula by Dhirubhai's widow Kokilaben in December last year, however, declined to comment on how close the settlement was and said every family issue that he had seen over the last three decades had finally been settled.

On whether the two brothers were communicating more or less, Kamath said on the "Walk the Talk" programme on NDTV, "That process is on... My role is to get people to communicate. Both most certainly talk to me and I talk to them and that process continues."

Asked if the settlement could be at a great cost to the company and shareholders, he said, "Here I do not see that really necessarily happening. Here we have two very mature people. Two very intelligent and capable individuals and I am sure that they will ensure that (a settlement at a high cost) does not happen."

Kamath said there was always a question of "ownership" in the family run businesses. "But not in the sense I own this, you own that. But in the sense that you are part of the company. Money is only one part of it."

He, however, conceded that "egos" could be part of it.

Kamath had few weeks back submitted a settlement formula including valuation of the group companies which sources said became the basis of negotiations between Anil and his elder brother Mukesh.