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Anil Ambani's conciliatory message to brother Mukesh
New Delhi, October 12, 2009
After a pilgrimage to two holy shrines, industrialist Anil
Ambani sent a conciliatory message to elder brother Mukesh
Ambani, saying there was ample scope to amicably end their
long-drawn dispute, the bitterness and rancour.
"There can be no better gift to my mother, Smt. Kokilaben
Ambani, in her 75th year, and to the legacy of our beloved
father, Shri Dhirubhai Ambani, the proud creator of the
Reliance Group," Anil Ambani said in a statement after
undertaking a pilgrimage to Badrinath and Kedarnath.
He said several of his late father's friends and family
members have talked of the need to break the impasse and find
a solution that puts an end to "bitterness and rancour",
paving the way for substantial future growth and value
creation for the country and shareholders.
"I agree with each one of them. This has been a time of deep
sadness and pain for me personally. Yet, throughout this very
trying period, I have maintained the greatest of love,
affection and respect for Mukeshbhai, as I have done since my
birth," he said.
"In that spirit, I have made this pilgrimage today to the holy
shrines of Kedarnath and Badrinath, in the hope of seeking
divine inspiration and blessings, in trying to heal the
wounds, and in making a renewed effort to resolve, reconcile
and reciprocate," he said.
"I sincerely believe that Mukeshbhai and I can, even at this
late stage, sort out all our disagreements, in a constructive,
cordial and conciliatory manner, if we both commit to getting
this done," he said, adding the process will barely take a few
The younger Ambani sibling said he had hoped all issues
regarding the reorganization of the Reliance group had been
resolved in June 2005 with the approval of his mother to bring
harmony within the family and generate wealth for millions of
"Unfortunately, the joy of that achievement has been tempered
by the sorrow, pain and anguish of continuing disagreement and
acrimony with my elder brother," he said, adding he also had
to take the recourse of litigation.
"The issues are only a handful, and the facts are well known.
My judgement says that they can all be resolved in a matter of
weeks, and will not require several months of discussions."
Anil Ambani's offer of conciliation to his elder brother came
barely 10 days before the Supreme Court hears a crucial
dispute between two companies in their groups over the supply
of natural gas from the Krishna-Godavari fields.