Thursday, May 27, 2010
Amabni Brother War Comes to an END:The real winners of the war are Shareholders
On 8 th May 2010 I had written on my blog an Article Mukesh Ambani Vs Anil Ambai:Who will win.We got the answer to that question.Anil Ambani and Mukesh Ambani have decided to put an end to the long standing dispute and scrap all existing non compete agreements executed in January 2006 besides expedisiously negotiate the gas supply agreement in accordance with the Supreme court Order on May 7 2010.The shareholders of RNRL and RIL have Emerged as real Winners. This was evident from the fact the the moment two Ambani brothers decided to end the dispute there was rise of 11 % on BSE in the shares of RIL whree as the RNRL shares moved up by 22% on BSE.Also other companies of Anil Ambani group showed rise in their price in stock market.
Finally Ambani brothers have realised that National Interest Comes first.
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