Anil calls for Ambani truce

Mumbai
Oct. 11: The Mukesh Ambani camp, while welcoming Mr Anil Ambani’s peace offer on Sunday, said they hoped “it is a positive change in the negative, calumnious and malafide campaign” launched by (Anil Ambani’s) R-ADAG group against the Mukesh Ambani-led Reliance Industries Ltd.

In a late-night official statement, RIL said: “Sadly, the conduct of the ADAG group so far makes it difficult for RIL to believe that Mr Anil Ambani has had a change of heart.” It said that for the past many years he had indulged in a “malicious campaign against RIL and its chairman. The campaign reached its nadir in recent months through a vicious series of ads, unprecedented in India’s corporate history.”

RIL said problems could be resolved satisfactorily through mutual dialogue “provided the proposal for reconciliation is anchored in good and honest intentions.” RIL reiterated its stand that the dispute was not a family dispute “as Mr Anil Ambani once again tries to make out.” It said “vital national interests in terms of securing the government’s revenue from natural gas, the government’s own policy on gas for promoting India’s energy security are at stake ... as also the interests of RIL shareholders.”
Source::DC