Leaving little to doubt about their growing understanding at home and at work, Mukesh and Anil Ambani holidayed with their families in South Africa and are believed to have discussed synergising their businesses to mutual advantage.
The brothers, who have been battling ever since Ambani family patriarch Dhirubhai Ambani passed away in July 2002, revisited the same lodge at the Kruger National Park, where their father had brought the family last in 2000.
During the three-night stay together, the brothers are understood to have discussed on ways to leverage from each others business activities in the telecom, finance and entertainment sectors, sources said.
The spokesperson of both Mukesh and Anil’s groups declined to comment on various queries on the bonhomie and business collaborations, an indication of which came in the identical statements by both sides on May 23 announcing a truce.
“Reliance Industries and Reliance ADA Group are hopeful and confident that all these steps would create an overall environment of harmony, cooperation and collaboration between the two groups, thereby further enhancing the overall shareholder value for shareholders of both the groups”, the statement had added.
— PTI