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Trouble in the Ambani paradise

18 Nov 2004
Trouble in the Ambani paradise
  • Cracks within India's largest private company Reliance with an annual turnover of ₹80,000 crore (₹800 billion) came to surface after Reliance Group Chairman Mukesh Ambani confessed to having disagreements with Anil Ambani over 'ownership issues.'
  • However, Mukesh Ambani clarified that the tussle was in the 'private domain' and would not affect Reliance.
  • He further stated that the investors didn't need to worry.

The great Ambani split

Oct 2005
The great Ambani split
  • A demerger in 2005, orchestrated by their mother gave Mukesh the control of "oil and gas, petrochemicals, refining and manufacturing"; Reliance Industries, Reliance Petroleum, IPCL and Reliance Industrial Infrastructure came under his purview.
  • Anil took control over "electricity, telecoms and financial services"; Reliance Communications, Reliance Capital, Reliance Energy and Reliance Natural Resources Ltd, Reliance Broadcast Network Ltd's reign came to him.

40% for dowager Ambani, 30% to each heir

Fact
Information

The shares were divided in such a manner that both Ambani brothers got 30%, Kokilaben another 30% and 5% each was given to the Ambani daughters (under Kokilaben Ambani's control).

Mukesh, Anil scrap non-competitive clause

24 May 2010
Mukesh, Anil scrap non-competitive clause
  • The two warring Reliance conglomerates scrapped all the "non-compete" agreements.
  • This would essentially mean permission for both groups to "enter sectors that had earlier been reserved for one of them."
  • This move will most likely give Anil permission to foray into alliances for his telecom and insurance ventures and an access to gas.
  • Mukesh too will be able to enter telecom and financial services.

Mukesh Ambani buys his way into telecom

17 Jun 2011
Mukesh Ambani buys his way into telecom
  • Following the rework of the non-compete agreement, Mukesh Ambani led Reliance Industries Limited bought a stake in Infotel Broadband Services Ltd. (a successful bidder for the broadband wireless spectrum in 22 circles).
  • RIL also announced that it planned to further invest approximately ₹4,800 crores in Infotel raising its stake to 95%.
  • Parallely, the Anil Dhirubhai Ambani group also continued to offer broadband wireless access.

The Ambani brothers $221 million thaw

3 Apr 2013
The Ambani brothers $221 million thaw
  • Mukesh and Anil Ambani signed a ₹12 billion ($221 million) deal for sharing the fiber-optic network. With this, Mukesh Ambani's Reliance Jio Infocomm Ltd. got access to use the countrywide network of Anil's Reliance Communications Ltd. to initiate 4G broadband service.
  • The deal would also help Anil Ambani generate additional income.
  • This marked their first deal since their very public split in 2005.

The Ambanis join together to offer 4G services

1 Oct 2015
The Ambanis join together to offer 4G services
  • The Ambani brothers, Mukesh and Anil are going to join hands to launch the fourth-generation (4G) mobile services by the end of the year
  • Reliance Group chairman Anil Ambani called the coming together of his Reliance Communications (RCom) and Mukesh Ambani-led Reliance Jio (RJIO) for offering 4G services as a "virtual consolidation".
  • The two will tie up for "trading and sharing" spectrum.

Reliance Jio 4G services make a limited debut

28 Dec 2015
Reliance Jio 4G services make a limited debut
  • Reliance Jio launched its much-awaited 4G services at a glittering ceremony in Mumbai.
  • The services, however, are only for the companies 90,000 odd employees, for now.
  • The limited inauguration was celebrated as part of Reliance Founder's Day Weekend to mark the 83rd birth anniversary of Dhirubhai Ambani's.
  • ShahRukh Khan(Reliance Jio's brand ambassador) and A.R. Rahman performed at the event.

The re-entry of Mukesh in telecom space

Fact
Information

For Mukesh Ambani-owned Reliance Industries, the 're-entry' in the telecom industry is one of the group's most formidable project to date and it Ambani has pumped almost ₹1 lakh crore into this business.

RCom and Jio ink spectrum sharing agreement

18 Jan 2016
RCom and Jio ink spectrum sharing agreement
  • The Ambani brothers signed the spectrum trading and sharing deal for the 800 MHz spectrum, which will bolster RJio's spectrum holdings ahead of its formal launch in April.
  • According to the freshly inked pact, RJio will hold "2300 Mhz in all circles, 1800 Mhz in 18 circles and 850 Mhz in 10 circles."
  • RCom-Jio will also enter into reciprocal intra-circle roaming (ICR) agreements.