27 October, 2020

The Loser Is You

The Mukesh-Anil spat has broken the RIL cult of silence. Both brothers were milking shareholders' funds into little-known companies. But no one spoke. Updates

The Loser Is You
outlookindia.com
-0001-11-30T00:00:00+05:53

Tearing At The Parent

Family members of Mukesh's loyalists and Anil's close relatives own firms that have direct dealings with RIL; woven sacks made by Jai Corp supplied to RIL, the flagship's waste management handled by Polyole Synthetics, the largest consignment agent of RIL close to Anil.

Rs 3,500 crore commitment sought by Reliance Energy, run by Anil.

Rs 18,000 crore commitment by Reliance group as direct equity, preference shares, bonds, guarantees and handsets purchased on behalf of Reliance Infocomm.


Gas commitment sought by Reliance Energy for its proposed project in UP.

Rs 100 crore for pet hospital projects of family members -- Rs 82 crore for one that Nita, wife of Mukesh, is interested in and another that Anil is.

Huge sums diverted from Reliance Infocomm for investment purposes—the money was invested in ONGC and TCS IPOs.




The A-serial on the battle between the two Ambani brothers, Mukesh and Anil, is being directed by media management teams. But each episode is...
unsub

THIS ARTICLE IS PRICELESS...

To read this piece, and more such stories in India's most exciting and exacting magazine, plus get access to our 25-year archives goldmine, please subscribe.


Latest Magazine

November 02, 2020
content

other articles from the issue

articles from the previous issue

Other magazine section