Saturday, May 8, 2010

RIL-RNRL verdict: What will the cos renegotiate?

The verdict on one of the fiercest corporate battle between the Ambani brothers, Mukesh Ambani’s Reliance Industries (RIL) and Anil Ambani’s Reliance Natural Resources (RNRL) over the supply of gas from the Krishna-Godavari basin is out.
After listening to both sides, in what was a split verdict approach, the Supreme Court ruled in favour of RIL by 2:1.

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