Directorship for Kokilaben

19 June,2010 06:56 AM IST |   |  Bobby Anthony

In Reliance Industries Limited (RIL's) 36th Annual General Meeting (AGM) held at the Birla Matoshree Auditorium yesterday, shareholders repeatedly asked RIL chairman Mukesh Ambani to make the Ambani family matriarch, Kokilaben, a member of the Board of Directors.


In Reliance Industries Limited (RIL's) 36th Annual General Meeting (AGM) held at the Birla Matoshree Auditorium yesterday, shareholders repeatedly asked RIL chairman Mukesh Ambani to make the Ambani family matriarch, Kokilaben, a member of the Board of Directors.

In at least four instances, different shareholders raised the issue and credited Kokilaben with playing a
pivotal role in brokering peace between the Ambani brothers.

Mukesh Ambani enters the AGM flanked by Kokilaben and Nita Ambani.


While the proposal was greeted with a round of applause, Mukesh merely smiled and refrained from making a comment.

Meanwhile, even as Anil Ambani did not attend the AGM as was being speculated by the media, Mukesh gave a clear sign of a thaw in strained relations between the Ambani brothers.

In harmony

"With the legal dispute behind us, we look forward to a harmonious and constructive relationship with the Anil Dhirubhai Ambani Group (ADAG)," Mukesh said in his speech, exactly five years to the day when the Dhirubhai Ambani-created Reliance empire was split between the brothers.

He added that RIL would supply natural gas to ADAG's power plants as and when they are ready to receive it.
Unanswered

Some questions that were posed to RIL's chairman Mukesh Ambani by shareholders but were not answered:

- How can RIL offer 4G services without violating
the law?
- Will you collaborate with Anil in power and telecom?
- Has RIL brought in any strategic investor or partner for the Reliance Haryana SEZ?
- What is RIL's investment in Captain Gopinath's logistics and cargo airline Deccan 360?

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RIL AGM Mukesh Ambani Kokilaben Nita