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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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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Reliance Energy Chairman Anil Ambani on Thursday refused to join issue with his elder brother Mukesh Ambani on the battle raging between them.
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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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A family ownership battle at India's biggest private business conglomerate Reliance intensified after six directors of subsidiary Reliance Energy quit, sending group company shares tumbling.
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The public spat between the two heirs of India's Reliance Group spills over to the board meeting of a top firm within the group.
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[Business India]: Mumbai, Dec 27 : Corporate behemoth Reliance Industries Monday approved one of corporate India&#39;s largest share buyback programmes with a view to curbing volatility in company stocks that have been badly hit by an ownership slugfest.
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Anil Ambani, the vice-chairman of India's 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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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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The Reliance Industries&#39; board meeting on Monday promises to be a marathon and a stormy event. Dominating the agenda will be issues related to Reliance Energy, and particularly those raised by two independent
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Caught in a row with elder brother Mukesh Ambani over the ownership of Reliance empire, Reliance Energy chairman and managing director Anil Ambani on Sunday sought to enlist support of all the 25,000 strong workforce of the company saying like them he was
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[Business India]: Mumbai, Nov 22 : Mukesh Ambani, chairman of India&#39;s largest private business firm Reliance Industries, Monday rubbished the talk of a family feud over the company&#39;s ownership, saying the foundations of the company are very strong.
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NEW DELHI: Thirty-five days after the battle for control for Reliance came out in the open, someone has blinked, and it is RIL chairman Mukesh Ambani.
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Indian businessman Anil Ambani, locked in a battle for ownership of the country's largest private enterprise Reliance, has questioned moves by his older brother Mukesh to assert full control, a source close to the group said.
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A feud between the brothers who run India's largest private firm, Reliance, eases as one brother off-loads stock.
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Mumbai: The Securities and Exchange Board of India is likely to ask the stock exchanges to investigate the transactions in the RIL scrip ever since the ownership issue between Mukesh Ambani and his younger brother Anil broke out on November 17.
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MUMBAI: The key stock market index was range-bound in the early trade on Monday as corporate behemoth Reliance Industries began its crucial board meeting to consider a share buyback programme.