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Reliance After Dhirubhai Ambani

After the death of Dhirubhai Ambani, his sons Mukesh and Anil Ambani split the business empire. Mukesh Ambani received control of Reliance Industries and IPCL, while Anil Ambani received control of Reliance Capital, Reliance Energy, and Reliance Infocomm. Anil later renamed his group Reliance Anil Dhirubhai Ambani Group. Over time, Anil increased his stake and control of companies within his group such as Reliance Natural Resources Ltd.

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Ankur Sagar
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80 views7 pages

Reliance After Dhirubhai Ambani

After the death of Dhirubhai Ambani, his sons Mukesh and Anil Ambani split the business empire. Mukesh Ambani received control of Reliance Industries and IPCL, while Anil Ambani received control of Reliance Capital, Reliance Energy, and Reliance Infocomm. Anil later renamed his group Reliance Anil Dhirubhai Ambani Group. Over time, Anil increased his stake and control of companies within his group such as Reliance Natural Resources Ltd.

Uploaded by

Ankur Sagar
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Reliance after Dhirubhai Ambani

In November 2004, Mukesh Ambani in an interview, admitted to having differences with his brother Anil over 'ownership issues. On June 18, 2005, Kokilaben Ambani announced the settlement through a press release. Mukesh Ambani getting RIL and IPCL. Anil Ambani heading Reliance Capital, Reliance Energy and Reliance Infocomm. The entity headed by Mukesh Ambani is referred to as the Reliance Industries Limited . Anil's Group has been renamed Reliance Anil Dhirubhai Ambani Group (ADAG).

Reliance after Dhirubhai Ambani


Anil Ambani's resignation as vice chairman and MD of Reliance Industries (RIL) means the company will now have three vacancies to fill on its board. RIL, at its board meeting on April 27 this year, appointed Ashok Mishra as an independent director, bringing the total number of independent directors to 6 or 50% of the board's current strength. Reliance Anil Dhirubhai Ambani Group on Monday clarified that the four companies arising from the reorganization of the Reliance group would apply to the Sebi through stock exchanges (SEs) for listing without making an IPO. Anil Dhirubhai Ambani Group will endeavour to list shares of the four resulting companies at the earliest, in the first quarter of the year '06.

Reliance after Dhirubhai Ambani


Reliance Capital (RCL) shareholders on Tuesday approved a proposal to hike the foreign investor shareholding in the company to 49% from 24% and also okayed the company's plans to issue preferential shares to Anil D Ambani and other foreign investors worth over Rs 2,600 crore. May 23, 2006 - The Anil Dhirubhai Ambani Group has increased its stake in Reliance Natural Resources Ltd to 55 per cent after the open offer made by it to RNRL's shareholders. Reliance-ADAG had made an open offer to RNRL's shareholders to acquire 32.66 crore shares, representing 20 per cent of the company's expanded equity share capital.

Reliance after Dhirubhai Ambani


However, less than 6 lakh shares representing 0.03 per cent of the expanded equity capital of RNRL were offered under the open offer. After the said open offer, the shareholding of Reliance - Anil Dhirubhai Ambani Group in the fully diluted capital of RNRL has increased to approximately 55 per cent.

Dhirubhai Ambani

Mukesh Ambani Reliance Industries Ltd

Anil Ambani ADAG Ltd.

Reliance Industries Limited


Largest private sector enterprise in india. (Fortune 500 magzine) Market capitalization of over $ 71 billion Worlds leading manufacturer of polyster, Revenues: $58 billion (2010). Major subsidiries:1. Reliance Life Sciences 2. Reliance Logistics 3. Reliance Clinical Research Services 4. Reliance Solar 5. Relicord

Reliance ADAG
Is among top three private sector business houses on all major financial parameters. Revenue: $ 15.4 billion (2012) Total assets: $ 29 billion (2012) Businesses:1. Reliance Communications 2. Reliance Capital 3. Reliance Power and Dhirubhai Ambani Solar Park. 4. Reliance Infrastructure, Delhi Airport Metro Express, and Nanded Airport. 5. Reliance BIG Entertainment 6. Reliance Health

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