Last week, the single-largest individual investor in Reliance Industries, Anil Ambani, met with the Who’s Who of Dalal Street, including bulge-bracket names such as Rakesh Jhunjhunwala, Nimish Shah, Ramesh Damani, Raamdeo Agarwal and Radhakrishan Damani.
The chairman of Reliance ADAG Group had parted ways with elder brother Mukesh on “ownership issues” that eventually saw the Reliance empire being split vertically.
So it came as a surprise to the 25-odd stockmarket stalwarts present that Anil had chosen to speak like a staunch votary of RIL - even discounting his stake in the company - because of the public way the brothers had shed bad blood before reaching Splitsville.
Anil is said to have told the Dalal St experts that RIL holds far more gas than what has been already certified of 80 million cubic meters per day.
Read more in DNA Money article.
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