Text of Anil’s statement

Last Updated: Sunday, October 11, 2009 - 19:47

New Delhi: Following is the text of the
statement issued by industrialist Anil Ambani seeking
reconciliation with his elder brother Mukesh:

"In June 2005, with the blessings and approval of my
respected mother Kokilaben Ambani, and in line with the vision
and value creation philosophy of our beloved founder Chairman,
Dhirubhai Ambani, we announced the restructuring of the
Reliance Group.

I had sincerely believed then, that we had resolved all
issues, and come to an amicable settlement that would create
two of India`s most dynamic business groups, bring peace and
harmony to our family, and generate substantial wealth for
millions of shareholders of the Reliance family.

Over the past 4 years, some parts of that promise have
been realised.

Unfortunately, the joy of that achievement has been
tempered by the sorrow, pain and anguish of continuing
disagreement and acrimony with my elder brother, Mukeshbhai.

Over these past 4 years, I have persevered with utmost
sincerity, humility and good faith, and left no stone unturned
to try and resolve our differences.

To my lasting regret, despite all my well-meaning
efforts, I have failed - pushing us even to the extreme step
of recourse to litigation to protect the interests of over 11
million shareholders of our Group.

I agree with each one of them.

This has been a time of deep sadness and pain for me
personally.

Yet, throughout this very trying period, I have
maintained the greatest of love, affection and respect for
Mukeshbhai - as I have done since my birth.

In that spirit, I have made this pilgrimage today to the
holy shrines of Kedarnath and Badrinath, in the hope of
seeking divine inspiration and blessings, in trying to heal
the wounds, and in making a renewed effort to resolve,
reconcile and reciprocate.

I sincerely believe that Mukeshbhai and I can, even at
this late stage, sort out all our disagreements, in a
constructive, cordial and conciliatory manner, if we both
commit to getting this done.

The issues are only a handful, and the facts are well
known. My judgement says that they can all be resolved in a
matter of weeks, and will not require several months of
discussions.

Accordingly, with the blessings of my mother, and
invoking the power of Lord Shiva from this most sacred of holy
places, I am once again reaching out to Mukeshbhai - and hope
and pray that my feelings will be reciprocated, and we will
arrive at a solution to all outstanding issues, with a
generous heart, a willing mind, and an accommodating spirit.

There can be no better gift to my mother, Kokilaben
Ambani in her 75th year, and to the legacy of our beloved
father, Dhirubhai Ambani, the proud creator of the Reliance
Group."

Bureau Report



First Published: Sunday, October 11, 2009 - 19:47

comments powered by Disqus