The dispute of the Ambani brothers that had hogged the headlines over the last few months is now perceived to rest in peace having reached a settlement.
Corporate and financial honchos representing Group Chairman Mukesh and Anil, who were working for the last three days to close a deal before the target date of July6, the death anniversary of their father, Dhirubhai Ambani have been successful in their endeavor to settle the deal.
The meeting held today at the company's Maker Chamber IV office at Nariman Point indicated that the battle for ownership of Reliance business empire is over with the brothers finalising a deal to divide the group. Their mother Kokila Ben is considered to be the catalyst for expediting this deal.
The outcome of the deal:
· Anil has resigned after being on the board of RIL for over two decades.
· Mukesh will retain the flagship company, RIL and IPCL.
· Anil will get Reliance INFOCOMM, Reliance Energy and Reliance Capital
· Anil quit IPCL board as its Vice-Chairman and Director having not found a favourable answer to the resignation of Anand Jain, which he desired on the grounds that Jain had conspired to divide the family.
18-Jun-05 
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