12 April, 2021

Mukesh Ambani The DivisionFormula

Mukesh Ambani The DivisionFormula
  • Owns the cashcow RIL and IPCL

  • To pay a huge amount to Anil

  • RIL to continue guarantees to Reliance Infocomm and RCIL

  • Gas supply commitments to Anil-owned Reliance Energy

The Pressure Points:
  • Has to be ready for his next business battle with Purnendu Chatterjee who, after his takeover of Basell, has announced he wants global dominance in petrochemicals

  • May not be able to use RIL's cashflows for expansion/diversification due to compensation commitments to Anil; may hurt RIL's investment plans

  • His credibility has been dented because of corporate governance issues raised by Anil; needs to rebuild it

  • May waste his time nursing the beating his ego has taken in the past 7 months; may spend a lot of his energy thinking of ways to get back at Anil

  • Will face pressure about key loyalists-has publicly distanced Anand by removing him from IPCL board and Manoj Modi will find himself in the dock on the issue of re-routing of international calls

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