Ambani brothers bury hatchet; agree for cordial competition
Striking a cordial note, the warring Ambani brothers today agreed to dump their differences and non-compete agreements saying this would eliminate any room for further “disputes”. Announcing that they would also expeditiously negotiate gas supply agreement in accordance with the Supreme Court order earlier this month, the groups of both Mukesh and Anil vowed to fulfill vision of their father Dhirubhai Ambani, after whose death they separated following (rpt following) an acrimonious fight.
There were speculations that the agreement, approved by the boards of Mukesh-led RIL and Anil Ambani Group, came after the two brothers had discussions between them but spokespersons of either did not confirm the same.
The announcement came within days of Anil Ambani meeting Prime Minister Manmohan Singh as also top Cabinet ministers.
