Ambani Brothers Announce Truce
More than 3 million shareholders of the Reliance Group of industries would be relieved today, as the Ambani brothers have finally reached on a settlement. The company informed the media sources about this truce between the two famous brothers of India Incorporation early Saturday morning.
As per the reports released to the media, Mukesh would retain Flagship Company RIL and IPCL while Anil would get Reliance Infocomm, Reliance Energy, and Reliance Capital. The marathon meeting between the two parties lasted the whole night and Mukesh Ambani is expected to seal the deal today.
A formal statement from the company is also expected to be out anytime now. The settlement is said to be the the result of efforts by their mother and wife of late Dhirubhai Ambani, Kokila Ben. The problems started November last year with Anil making his feelings public about how the Reliance board was ignoring him in making crucial decisions.
The feud meant that the shareholders of the company were always sitting on the edge of their seat hoping for a quick settlement of the problems between the two brothers of the first company of the Indian Business Class. The government has also expressed its happiness that the two brothers have kept the interest of the shareholders in mind and have decided to settle their differences.
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