Anil Ambani shows commitment but putting in personal wealth

Anil Ambani shows commitment but putting in personal wealth

If their were any doubts on the commitment of the younger of the two Ambani brothers, this would remove that quickly. After the settlement, Anil Ambani announced that his part of the company would be called Anil Dhirubhai Ambani Enterprises Group and he would be investing as much as Rs. 3,000 crore from his personal resources into the company.

These funds would go into the development of the Reliance Energy Ltd (REL) and Reliance Capital Ltd (RCL). Anil said that the ADAE Group would invest Rs. 1,000 crore into REL through a preferential offer of shares at a minimum price of Rs. 573 a share or higher. And around Rs. 2000 crores would be invested in Reliance Capital at Rs. 228 a share. He expects the Reliance Capital to emerge as a major financial powerhouse in the country.

He also clarified that the brand name ADAE would represent the conglomeration of companies now coming under him rather than any particular corporate structure. Their would no longer be any interference from the RIL board members into the functioning of his group. The company would take care of the six Cs, which he said were customer and customer care, corporate governance and corporate values, creativity and competitiveness.