Six board members quit India&#39;s Reliance group unit, send shares ...
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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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[Business India]: Mumbai, Dec 27 : The Reliance Industries Ltd (RIL) board today approved the scheme to buyback the company shares at a price of not exceeding Rs 570 per share, payable in cash, for an amount not exceeding Rs 2,999 crore.
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Reliance Industries Ltd.&#39;s board approved a share buy-back plan on Monday, but Vice-Chairman Anil Ambani abstained from voting amid a deepening family row in India&#39;s largest private sector company.
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Reliance Industries Ltd., India&#39;s biggest non-state company, approved a share buyback plan disregarding opposition from Vice Chairman Anil Ambani amid a spat between the brothers running the company.
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The board of Indian conglomerate Reliance has agreed a share buy-back, to counter the effects of a power struggle in the controlling family.
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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, November 28 :The board of power utility Reliance Energy Ltd will meet in the next few days to consider the resignations of six of its directors, the company said on Sunday.
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[Business India]: Mumbai, Dec 27 : Corporate behemoth Reliance Industries Monday approved business India&#39;s largest share buy-back programme with a view to curb volatility and vowed to retain the group&#39;s integrated structure.
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Two executive board members at Nokia resigned on Friday, bringing to three the number of top level managers to leave the worldâs largest producer of mobile phones in the last two weeks.
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In a major management shake-up Marks &amp; Spencer have announced that three members of the board are to go, along with a number of senior executives.
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Shaharyar Khan resigns as chairman of the Pakistan Cricket Board (PCB), according to a senior official.
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Four directors resign from photo booth operator Photo-Me International under pressure from a key shareholder.
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Mumbai: Reliance Industries Ltd (RIL) stock today fell by nine points at 514 in the opening session, an hour ahead of the crucial board meeting to discuss the buyback of shares.
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[Business India]: Mumbai, Dec 27 : India&#39;s benchmark share market index finished at a new all-time high Monday, crossing the 6,500-mark for the first time as stocks of blue-chip Reliance Industries ended lower in highly volatile trade.
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The rift in India's Ambani family which controls India's biggest private enterprise group Reliance deepened as elder brother Mukesh rejected his younger brother's objections to a change in their management roles, a report said.
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Mumbai, Dec 27 (UNI) The Reliance Industries Limited Board of Directors at its meeting today, with RIL Vice Chairman and Managing Director Anil Ambani abstaining from voting, approved the proposal of buyback of the company&#39;s fully paid up equity shares of
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The company has decided to leave the public markets.