Financial Daily from THE HINDU group of publications
Tuesday, Jun 21, 2005
Financial Daily from THE HINDU group of publications Tuesday, Jun 21, 2005 |
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Corporate
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Corporate Disputes Settlement to benefit shareholders: Kampani Our Bureau
New Delhi , June 20 THE splitting up of the Reliance empire between the two brothers Mr Mukesh and Mr Anil Ambani would be beneficial for shareholders, the Chairman of JM Financial, Mr Nimesh Kampani, said here today. Mr Kampani, who helped in carrying out the valuation exercise of the Reliance assets, was a key figure mediating in the family war in the Reliance group. "One plus one will be more than two," Mr Kampani said talking on the fallout of the deal between the two brothers. Mr Kampani was in the Capital to launch a new open-ended equity-oriented growth fund - the JM Emerging Leadership Fund - under the JM Financial Mutual Fund. The fund would invest in companies of emerging sectors of the economy that have the potential to become top companies of the future. Mr Kampani said that the Reliance group shares would continue to spur stock market activity in the days to come. "Reliance was the main trigger for the market that touched the 7,000 mark today. It will continue to be that way," he said. All Reliance group shares got a major boost today on account of the settlement among the two brother reached over the weekend.
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