Anil Ambani, head of the Anil Dhirubhai Ambani Group, reached out to his estranged elder brother Mukesh Ambani, of Reliance Industries, on Sunday suggesting the two of them can still sort their differences amicably.
“I sincerely believe Mukeshbhai and I can, even at this late stage, sort out all our disagreements, in a constructive, cordial and conciliatory manner,” Anil Ambani said on return from a pilgrimage to Badrinath with wife Tina Ambani.
Mukesh Ambani got back, some hours later, saying it was not about two brothers or two corporates. It was about national interest and the interest of the shareholder’s, said a statement issued by Reliance Industries.
“Sadly, the conduct of Reliance Anil Dhirubhai Ambani Group so far makes it difficult for RIL to believe Anil has had a real change of heart.” In short, the elder brother was neither impressed nor moved by his younger brother’s appeal.
The brothers split in 2005 and divided up the Reliance empire of their late father Dhurbhai Ambani in a deal blessed by their mother Kokilaben. They have since fought over some or the other part of the deal.
But it’s mainly now about natural gas pumped out by Mukesh’s company in the Krishna-Godavari basin but needed by Anil to run his gas-based power stations in Uttar Pradesh and elsewhere.
Supreme Court will begin hearings from October 20.