Showing posts with label Anil Ambani. Show all posts
Showing posts with label Anil Ambani. Show all posts

'Virtual Merger' With Mukesh's Jio, Says Anil Ambani at Company Meet

Billionaire Anil Ambani celebrated family today, introducing his son Anmol as a new director on the board of his company Reliance Capital and announcing that a "virtual merger" of his Reliance Communications with older brother Mukesh Ambani's Reliance Jio has now been effected.

Anil Ambani was addressing shareholders today at Mumbai's Birla Matushri, where four of his companies held their Annual General Meetings or AGMs one after the other.

"Both brothers are now working together to fulfill Dhirubhai's dreams," said Mr Ambani, 57, to a standing ovation. He was referring to their father Dhirubhai Ambani who built the Reliance empire. For many years after their father's death, Anil Ambani was estranged from brother Mukesh, India's richest man.    


Source:-profit.ndtv
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