Two months after the rift between the two siblings who control the $22.6 billion Reliance group became public in mid-November, the estranged brothers have not reached a settlement, fuelling speculation about an ownership split of one of India’s biggest business empires.
The board of Reliance Industries, the $17 billion group flagship with dominant interests in petrochemicals, and oil and gas refining and marketing, endorsed the leadership of Mukesh Ambani, the older brother and Reliance chairman and managing director, at a meeting on December 27.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
