Full statement By Reliance Industries
Reliance Industries Ltd. (RIL) has noted the comments made by Shri Anil D Ambani with the care and concern they deserve.
RIL welcomes this statement, and hopes that it is a positive
change in the negative, calumnious and malafide campaign launched by R-ADAG
against RIL. RIL believes that there is no contentious issue in the world that
cannot be resolved satisfactorily through mutual dialogue, provided the
proposal for reconciliation is anchored in good and honest intentions RIL has
always maintained that the dispute under litigation is not merely a family
matter, as Shri Anil Ambani’s statement once again tries to make out to be.
Vital national interests in terms of securing government’s revenue from the
natural gas, the government owns and GoI’s sound policy framework for promoting
Issues which arise out of a decision of the Bombay High
Court transcend any private differences between two brothers or two corporate
entities, can now only be decisively resolved by a decision of the
Sadly, the conduct of R-ADAG so far makes it difficult for
RIL to believe that Shri Anil Ambani has had a real change of heart. For last
many years, Sh. Anil Ambani has indulged in a malicious campaign against RIL
and its chairman. The campaign reached its nadir in recent months through a
vicious series of advertisements, unprecedented in
What is both saddening and perplexing is that Shri Anil Ambani has yet again sought to communicate to RIL and its Chairman through the public domain
, whereas he could have easily contacted his elder brother directly. In order to demonstrate that his intentions behind the latest overture are bonafide, we urge Shri Anil Ambani to put his sentiments into actions. We can now only hope, that the deeds of Shri Anil D Ambani and his associates are reflective of the emotions expressed in the statement. In the last 48 hours itself, Shri Anil Ambani & R-ADAG have made allegations against the Group and its directors which are not only untrue but increasingly hurtful. Hopefully this way of engagement shall also change. On its part, both the RIL Chairman as also RIL have always wished him well and will continue to do so.
Finally RIL welcomes this positive indicator and will not be found wanting in responding to them constructively.
Reliance Industries Limited (RIL) is India's largest private sector company on all major financial parameters with a turnover of Rs. 1,50,771 crore (US$ 29.7 billion), cash profit of Rs. 21,566 crore (US$ 4.3 billion), and net profit (excluding exceptional income) of Rs. 15,607 crore (US$ 3.1 billion) as of March 31, 2009.
RIL is the first private sector company from
Source: Economic times
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