Will Ambani brothers patch up?

Abhilasha Sharma

Finance Manager

After a pilgrimage to two holy shrines, industrialist Anil Ambani sent a conciliatory message to elder brother Mukesh Ambani Sunday, saying there was ample scope to amicably end their long-drawn dispute, the bitterness and rancour.

'There can be no better gift to my mother, Smt. Kokilaben Ambani, in her 75th year, and to the legacy of our beloved father, Shri Dhirubhai Ambani, the proud creator of the Reliance Group,' Anil Ambani said in a statement after undertaking a pilgrimage to Badrinath and Kedarnath.

He said several of his late father's friends and family members have talked of the need to break the impasse and find a solution that puts an end to 'bitterness and rancour', paving the way for substantial future growth and value creation for the country and shareholders.

'I agree with each one of them. This has been a time of deep sadness and pain for me personally. Yet, throughout this very trying period, I have maintained the greatest of love, affection and respect for Mukeshbhai, as I have done since my birth,' he said.

The younger Ambani sibling said he had hoped all issues regarding the reorganization of the Reliance group had been resolved in June 2005 with the approval of his mother to bring harmony within the family and generate wealth for millions of shareholders.

Anil Ambani's offer of conciliation to his elder brother came barely 10 days before the Supreme Court hears a crucial dispute between two companies in their groups over the supply of natural gas from the Krishna-Godavari fields.