BS Reporter / Mumbai/ Ahmedabad Jan 13, 2011, 00:05 IST
Vibrant Gujarat 2011 Day 1 hinted at the beginning of the reconciliation process between Mukesh and Anil Ambani. They not only shared the stage at the inaugural function of the investors' meet, Anil even reached out to his elder brother in a warm gesture.
Anil’s greeting to his brother attracted a thunderous applause from the crowd, when he said, "Respected my elder brother Shri Mukesh Ambani" who was sitting in the front row at the auditorium besides Gujarat chief minister Narendra Modi.
Markets had responded positively to Anil Ambani's decision to drop the 'Anil Dhirubhai Ambani' tag from the master-brand Reliance, anticipating some sort of an integration between the two brothers.
Anil and Mukesh have been involved in a bitter public battle since 2004 over division of the Reliance empire. The dispute peaked over sharing and pricing of natural gas from the Krishna-Godavari basin. However, the two brothers have refrained from attacking each other in public ever since the Supreme Court judgement came out on the gas dispute.
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