Mukesh questions sincerity of Anil's surprise truce offer | business | Hindustan Times
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Mukesh questions sincerity of Anil's surprise truce offer

business Updated: Oct 12, 2009 13:00 IST

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In the midst of their bitter battle, Anil Ambani had on Sunday made a surprise truce offer to resolve disagreements cordially, but elder brother Mukesh questioned its sincerity without rejecting the proposal.

Anil on Sunday asked Mukesh to reconcile all the disagreements cordially, saying this could be done within weeks as the biggest gift to mother Kokilaben.

Mukesh Ambani-led RIL, however, questioned the offer made in public domain, pointing out that Anil could have easily contacted his elder brother directly.

RIL asked Anil to demonstrate the bonafide of his intentions behind the latest overture, adding it "welcomes this positive indicator and will not be found wanting in responding to them constructively."

The latest development comes days ahead of the start of hearing by the Supreme Court on October 20 on the differences of group companies of the brothers on supply of gas.

While making the offer to sort out disagreements in a constructive, cordial and conciliatory manner, Anil said, "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 made this offer after returning from pilgrimage to Kedarnath and Badrinath.

Questioning the sincerity of the offer, the Mukesh Ambani-led Reliance Industry said the conduct of the ADAG
makes it difficult to believe that Anil had a real change of heart.

"Sadly, the conduct of R-ADAG so far makes it difficult for RIL to believe that Anil Ambani had a real change of
heart. For last many years Anil Ambani had indulged in a malicious campaign against RIL and its chairman (Mukesh)," RIL said in a statement.

The campaign, it added, "reached its nadir in recent months through a vicious series of advertisements unprecedented in India's corporate history".