Reliance Feud Escalates; Anil Opposes Buyback
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The month-long public feud between the Ambani brothers has shaken investor confidence in the company, the best recognized symbol of Indian enterprise.
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The first battle lines were drawn today with six directors of Reliance Energy Limited (REL) resigning. REL is run by Vice Chairman of Reliance Industries Limited, Anil Ambani.
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Warring Ambani brothers Mukesh and Anil held separate meetings in the last two days with their mother Kokilaben, ahead of the crucial board meeting of the flagship Reliance Industries on December 27.
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[Business India]: Mumbai, Dec 27 : Anil Ambani, the Vice Chairman of Reliance Industries Limited (RIL), on Monday virtually created a divide between himself and his elder brother Mukesh, the chairman of the group, by saying that the group&#39;s announcement
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Mumbai, November 25: Anil Ambani, the vice-chairman of Reliance Industries Ltd., said on Thursday he would make a statement at an appropriate time about a controversy over differences with brother and chairman Mukesh.
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The Reliance Board met today and gave the go-ahead for the buyback of shares from stockholders at Rs 570 per share, making it India&#39;s largest equity buyback.
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The board of India's biggest private enterprise, Reliance Industries, approved a share buyback, ignoring objections from the vice-chairman who is battling with his brother for control over the firm.
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Mumbai, Nov. 30 (PTI): Reliance Energy CMD Anil Ambani, who is engaged in a tussle with his brother Mukesh, over the control of the Rs 90,000 crore business empire, today avoided the media after attending the crucial Board meeting.
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NEW DELHI  - The rift in India&#39;s Ambani family which controls India&#39;s biggest private enterprise group Reliance deepened as elder brother Mukesh rejected his younger brother&#39;s objections to a change in their management roles, a report said.
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MUMBAI, Dec. 27. - RIL chairman Mr Mukesh Ambani, battling with brother Anil over control of the Reliance Group, appeared to have won the first round today.
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Business India &gt; New Delhi, Dec 20 : In the midst of the proxy war between the Ambani brothers over the control of Rs 900 bn Reliance empire, the board of the flagship company Reliance Industries, headed by Mukesh Ambani, would meet in Mumbai on December
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[Business India]: Mumbai, Nov 26 : The much talked about family feud over the control of Reliance Industries, India&#39;s largest industrial house, is set to turn into a full-fledged boardroom battle that may entail a revamp of the company&#39;s management.
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MUMBAI: Reliance Energy chairman Anil Ambani tonight refused to join issues with his elder brother Mukesh Ambani on the raging battle between them.
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MUMBAI, Nov. 25. - Mr Anil Ambani, chairman of Reliance Energy Limited, tonight refused to take issue with his elder brother, Mr Mukesh Ambani, on the raging controversy over ownership of RIL.
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Reliance Industries Ltd vice-chairman Anil Ambani said on Monday a share buy-back at this time was &quot;completely inappropriate&quot; and that he was neither consulted nor informed of the proposed share buy-back.
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Attempts by competing Indian and Brazilian steelmakers to acquire the Anglo-Dutch steel producer Corus Group developed into a full-fledged bidding war today.
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[Business India]: Mumbai, Dec 27 : Setting the ball rolling for a stormy meeting of the flagship company Reliance Industries Limited (RIL), Vice-chairman and Managing Director Anil Ambani, fighting a bitter battle with elder brother Mukesh, today slammed