Is an end in sight for the Reliance dispute?
On Sunday, Anil Ambani issued a statement expressing his willingness to end the bitter feud with elder brother Mukesh.
Anil Ambani has taken the support of the media to convey his side of the story.
Through a series of front-page advertisements in major Indian newspapers, Anil recently accused the Petroleum Ministry of taking the side of Reliance Industries.
Earlier in July, he used an annual shareholders’ meeting to lay into his elder brother and the government.
Reliance Industries has welcomed the move by Anil, but said the dispute under litigation was not merely a family matter and hoped “any overtures for rapprochement are in no way related to the ongoing hearing of the case”.
Are you surprised by Anil’s move? Do you think it can help put an end to the Reliance corporate battle?