Business Daily from THE HINDU group of publications
Monday, Jun 23, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Monday, Jun 23, 2008 ePaper | Mobile/PDA Version | Audio |
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Mentor
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Corporate Disputes Columns - Sticklish Issues Info-Tech - Telecommunications Sibling rivalry
The dispute between the Ambani brothers dates back to 1999 as far as telecom sector is concerned. The two companies, RIL and RComm, are fighting it out in the court. RComm has been in talks with South African telecom company MTN and the fate of the merger between the two companies is hanging in the balance. Venkatraman Ramjee, e-mail RComm’s merger talks with the South African major MTN may run into trouble as the rivalry between the Ambani brothers has come to the fore again with Mukesh claiming first right to younger brother Anil’s RComm in the event of an equity swap with MTN. V. Venkitasubramanian, e-mail The Ambani siblings are trying to outdo each other in terms of size, financial performance, and market valuation. When they were at the loggerhead earlier, the matter was solved with the help of their mother and other well-wishers. Amid the tussle, the Anil Ambani group has thrashed RIL’s claim of right of first refusal in the former’s RComm by quoting some Cabinet decision. Dr K. K. Ammannaya, e-mail From the time of the division of Reliance empire, the two brothers have been competing with each other. After the business partition, it appears that Anil is not fully satisfied with the outcome. Unless Mukesh, who seemed to have retained a bigger share of the business after the split, allows his brother to grow, some minor tiffs are bound to persist. *Venkataratnam S., e-mail Mukesh and Anil have been trying to outdo each other since their father’s death. Mukesh Ambani, head of Reliance Industries Ltd, has said that he had the first right of refusal to South African telecom giant MTN buying a controlling stake in Anil Ambani’s Reliance Communications. T. V. Jayaprakash, e-mail Two recent developments that made headlines are the Ranbaxy-Daiichi Sankyo merger and the spat between the Ambani brothers. Both have commercial significance. In the case of the Ambanis, both brothers are giants in their own rights heading two of the fast growing entities. Naturally, there is bound to be some rivalry between the two. Being both very talented and ambitious, the rivalry is bound to exist. T. R. Anandan, e-mail
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