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The Ambani Saga

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The Ambani Saga THE AMBANI SAGA: WAR AND PEACE > July 2002 Dhirubhai Ambani > 2006 Formal split takes place, daughter worked at a firm that led RIL Group has a market cap of dies on July 6, 2002. Mukesh with Mukesh taking control of was a consultant to Reliance ~3,26,717 crore Ambani appointed Reliance flagship RIL, with interests in Industries. A new three-member > December-end, 2011 Family Industries CMD and Anil Ambani petrochemicals, oil and gas bench that also includes the gathers at Chorwad in Gujarat to becomes vice-chairman. Group exploration, refining and chief justice begins hearing celebrate Dhirubhai Ambani’s has sales turnover of ~52,110 textiles. The Anil Dhirubhai arguments from scratch birthday, unveil his memorial. crore and market cap of ~37,688 Ambani Group gets telecom, > Dec 18, 2009 Court finishes Ambani brothers Mukesh and crore on March 31, 2002. power, entertainment and hearing the case and reserves Anil will be seen together in a financial services. The Group > Nov 2004 Feud between the judgement. family reunion for the first time includes Reliance in recent past. Addressing local brothers becomes public Communications Ltd, Reliance > May 7, 2010 The Supreme Court rules in favour of Mukesh media, mother Kokilaben said, > Jun 2005 Family reaches a Infrastructure Ltd, Reliance Ambani. Says family MoU ‘‘They are both my sons; they are settlement to split the Reliance Capital Ltd, Reliance Natural between the two brothers is not progressing well in their group in a deal brokered by Resources Ltd (RNRL) and binding and asks the brothers to businesses. There is love Kokilaben. The combined Reliance Power. between them. The Ambani Post-split, RIL Group has a renegotiate the deal. The RIL Reliance Group has a sales stock rises 2.27% while ADAG family stands together.’’ This turnover of ~83,310 crore and turnover of ~114,011 crore statement leaves people and market cap of ~223,452 stocks are hammered, with RNRL market cap of ~92,697 crore on and Reliance Power falling guessing if this is a prelude to March 31, 2005. crore on March 31, 2007. ADAG brothers getting together. has sales of ~31,017 crore and 23% and 9%, respectively on judgement day. market cap of ~116,855 crore on “They are both my sons; they are progressing well in Business Interests March 31, 2007. > May 23, 2010 Five years after a Business Interests ANIL AMBANI their businesses. There is love between them. MUKESH AMBANI > July 2008 Reliance Comm calls The Ambani family stands together” bitterly-fought battle, the > Financial services > Oil, gas, petrochemicals off merger talks with South Ambani brothers take a big step > Telecom > Infrastructure KOKILABEN AMBANI, Mother of Mukesh & Anil Ambani, said at Chorwad > Textile > Retail > SEZs, Africa's MTN after Mukesh makes towards reconciliation of their > Media & DTH > Power a claim on the shares of Anil's feud. RIL, ADAG cancel 2006 ports, gas terminals > Life > Healthcare telecom firm Reliance Industries resignation of Petroleum Minister non-compete agreements, hope sciences & biotechnology > RIL moves apex court Murli Deora. But Deora says gas to work in harmony. Two groups IPL > Jun 2009 RNRL wins a case in the challenging high court order does not belong to either cancelled all non-compete Bombay high court, asking his saying the verdict erred in Mukesh or Anil Ambani, but the agreements that were signed in elder brother's company to deciding the three terms - government. 2006. They hoped this would honour the family agreement. lead to cooperation between quantity, tenure and price of gas > Sep 2009 NTPC signs pact with RNRL files caveat in apex court on them in future. supply RIL to buy a part of natural gas, gas price issue following the As a goodwill gesture, RIL said it The government files a petition other than the quantity under order would not enter the gas-based wanting Ambani family pact that dispute, at $4.20 per unit > July 2009 Reliance Industries power generation arena till deals with gas supplies to be says it will appeal to the Supreme > Oct 2009 A three-member 2022. ADAG hoped to reach a declared void. Government says Court against high court ruling. bench, including Chief Justice new gas supply agreement gas is its property Says supplies to Reliance K G Balakrishnan, of the Supreme between RIL and Reliance Industries not possible at > July-Aug, 2009 Anil Ambani Court begins hearing arguments Natural Resources (RNRL), which $2.34 per unit, as it is bound by lashes at oil ministry for allegedly in the case was at the heart of their dispute. government price of $4.20 per favouring his elder brother. > Nov 2009 The hearing is On May 21, 2010 the ADAG Group unit. RNRL moves Supreme Court Matter rocks Parliament, where disrupted when a judge has a market cap of to make gas supply from Samajwadi Party leader Mulayam withdraws, citing potential ~1,08,792 crore, KGD6 binding on Singh Yadav demands conflict of interest as his while the Mukesh- POSSIBLE OVERLAPS IN FUTURE > Telecom > Financial services > Power (non-gas) > Infrastructure > Media How much they have lost in 2011 How the two grew up alone ~crore ~crore Market cap ~crore RIL Group ADAG Group -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 450,000 450,000 ADAG Group Dec 31, 2010 Dec 26, 2011 % Change Loss in Mcap Rel Broadcast N 668.26 397.70 -40.49 -270.56 Market Cap 343,936 350,000 350,000 Reliance Capital 16,409.31 6,161.63 -62.45 -10,247.68 Reliance Comm 29,948.93 14,334.62 -52.14 -15,614.31 267,949 Reliance Infrastructure 22,201.01 9,681.96 -56.39 -12,519.05 250,000 250,000 118,074 Market Cap Reliance MediaWorks 1,033.32 335.29 -67.55 -698.03 26,120 Sales Reliance Power 44,349.11 20,701.86 -53.32 -23,647.25 150,000 150,000 9,121 93,351 RIL Group Sales 50,188 95,691 Net Profits 19,159 50,000 3,035 50,000 Reliance Ind 346,536.66 249,182.21 -28.09 -97,354.45 10,758 Net Profits 4,558 0 0 Reliance Ind Infra 1084.10 467.93 -56.84 -616.17 FY05-06 FY10-11 FY05-06 FY10-11 BSE Sensex 20,509.09 15,970.75 -22.13 Market cap on March 31 every year; data compiled on consolidated priority basis Data compiled by BS Research Bureau; Source: Capitaline.
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