Reliance chairman annuls âsweet equity&#39;
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Mr Ambani&#39;s annulment of the âsweet equityâ, allocated without full disclosure and on highly favourable terms, represents a victory for his brother Anil, vice-chairman of the $17bn petrochemicals and refining group.
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MUMBAI, DECEMBER 27: The promoters - who hold 46 per cent stake of Reliance Industries â-ill be the biggest beneficiaries of the up to Rs 2,999 crore buyback of shares announced by the company on Monday.
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Mumbai/New Delhi: Four days after Reliance Group Chairman Mukesh Ambani went public about differences with his younger brother Anil over the company ownership issue, a meeting of the family is likely here on Monday to sort out the problem.
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[Business India]: Mumbai, Nov 21 : As millions of Indians are held in thrall by reports of a family feud in Reliance Industries, the country&#39;s largest company, experts say it would be premature to talk about a split as yet.
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BOMBAY  - A family ownership battle at India&#39;s biggest private business conglomerate Reliance intensified after six directors of subsidiary Reliance Energy quit, sending group company shares tumbling.
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BOMBAY  - Investors in Reliance group companies are counting the cost of the ownership spat between the the Ambani brothers since it emerged into the open two weeks ago, undercutting confidence in India&#39;s largest private group and a key shareholding
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Reliance Energy Ltd, headed by Anil Ambani, on Tuesday said it would not allow speculators to gain advantage of the &quot;extra-ordinary events&quot; related to the group during the share buyback period which has been extended by three months to March 17.
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New Delhi, Nov 28 : Mounting attack on Reliance Group Chairman Mukesh Ambani on &#39;ownership issues&#39;, Anil Ambani&#39;s camp today claimed that the elder brother had told his mother Kokilaben and sisters (Dipti and Neena) to keep out of the controversial RIL
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Mumbai: Reliance shares got off to a solid start on Tuesday ahead of a key board meeting of the conglomerate&#39;s utility, as traders expect the Ambani brothers who run the country&#39;s top private sector group to bury their differences.
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MUMBAI: It was a roller coaster ride for Reliance Industries (RIL) which announced its buyback programme on Monday. RIL and other group shares - Reliance Energy (REL), IPCL, Reliance Capital and Reliance
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Reliance Communications, India's second-largest mobile operator, is seeking to raise as much as $1.5bn by listing its telecom infrastructure unit, in defiance of difficult conditions for fresh offerings after a sharp fall in stock markets.
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That there are problems between the Ambani brothers is not news, but Mukesh Ambaniâs admission that there could be a change in the equity pattern of the Reliance group caused the share prices of Reliance companies to drift downwards.
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MUMBAI: Even as millions of Reliance Industries investors are closely following a bitter ownership row, operations at India&#39;s largest business conglomerate continue unaffected.
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Shares on India's main stock exchange shoot to a record high on signs that a dispute at leading conglomerate Reliance is coming to an end.
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MUMBAI: The redrawing of lines of authority in Reliance seems to have sparked off the current discord between the two Ambani brothers.
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Mumbai, Dec. 27. (PTI): Though today&#39;s crucial RIL board meeting failed to make any positive impact on the company&#39;s shares, the overall sentiment remained bullish on the stock market and the sensex closed
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NEW YORK: Tata Sons chairman Ratan N Tata will ring the opening bell at the New York Stock Exchange (NYSE) here on Monday to mark the listing of group company Tata Motors on the world&#39;s largest bourse.