Sunday, November 28, 2004

Reliance Industries : Rs.80000 crore (Fortune 500) company's unfortunate turn of events ...

Reliance Industries has been hogging the limelight recently for all the wrong reasons. Clash of the two Managing Directors has caused quite a bit of turmoil, not to mention wiping out m-cap of around 2000 crores in a matter of just a few days. A rather sad state for one of India's shining Fortune 500 company.

Take a look at the recent letter from Anil Ambani (younger brother, MD) to Mukesh Ambani (elder brother, CMD). It contains most of the details on why this epic tussle is happening.

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