Braj Mohan Chaturvedi: Beginning of Battle - Anil Ambani and Mukesh Ambani

July 2002: Dhirubhai Ambani passes away.

..... and beginning of never ending corporate battle between brothers Anil Ambani and Mukesh Ambani.

October 2002: Reliance announces huge gas finds off the Andhra Pradesh Coast.
December 2002: Mukesh’s venture Reliance Infocomm launched. Anil does a no-show at the launch.
October 2003: RIL sells telecom business to Reliance Infocomm, consolidates telecom businesses under one company.
June, 2004: Anil becomes Rajya Sabha member.
June, 2004: Anil announces Rs.100 billion power plant in UP.
July, 2004: Board passes Resolution conferring all powers in the hands of the Chairman of the Reliance Group – Mukesh.
October 2004: Anil objects in an official letter to Mukesh.
November2004: Mukesh publicly accepts “Ownership Issues” with brother Anil.
December2004: Mukesh renounces Rs.500 million sweat equity (notionally valued at Rs.70 billion) in Infocomm.
December2004: RIL announces a share buyback to boost investor confidence. Anil questions the buyback motive publicly before the board meeting and abstains from voting on the issue. Board reaffirms full confidence in Mukesh.
January 2005: Anil resigned from IPCL vice-chairmanship.
January 2005: Anil sends 500-page note on corporate governance to RIL board, says there’s no transparency.
April, 2005: Anil questions the board, stating corporate governance are not being addressed; announces it’s him vs. Reliance XI before board meeting.
18June 2005: Ambanis settle ownership issue under the guidance of their mother Kokilaben Ambani and on the basis of the settlement plan drafted by ICICI Bank CEO K V Kamath.

Katyayana

This Blog is dedicated to all the Management Professionals who want to challenge the set pattern, who are practical in their approach and dont think in thin air; who believe that strategy is all about making things simple; who strongly advocate the “Rule of Simple” and who believe that impossible is nothing. - Just like Katyayana. Katyayana was a disciple of Gautama Buddha. He is also known as Kaccana or Kaccayana, Mahakatyayana, Mahakaccana and in Japanese as Kasennen. Katyayana is one of the “Ten Disciples of the Buddha”. Mahakashyapa, Ananda, Shariputra, Subhuti, Purna, Mahamaudgalyayana, Katyayana, Aniruddha, Upali and Rahula. He was foremost in explaining Dharma. He was born in a brahmin family at Ujjayini (Ujjain) and received a classical Brahminical education studying the Vedas. Katyayana was a Sanskrit grammarian, mathematician and Vedic priest who lived in ancient India, around the time of the Greco-Bactrian Kingdom. He is known for two works:- The Varttika, an elaboration on Panini’s grammar. Along with the Maha-bhasya of Patanjali, this text became a core part of the vyakarana (grammar) canon. This was one of the six Vedangas, and constituted compulsory education for Brahman students in the following twelve centuries.- He also composed one of the later Sulba Sutras, a series of nine texts on the geometry of altar constructions, dealing with rectangles, right-sided triangles, rhombuses, etc. Katyayana certainly have been a man of very considerable learning but probably not interested in mathematics for its own sake, merely interested in using it for religious purposes.He wrote the Sulbasutra to provide rules for religious rites and to improve and expand on the rules which had been given by his predecessors. Katyayana would have been a priest instructing the people in the ways of conducting the religious rites he describes. Authorship: Nettipakarana, a work of grammar, and Petakopadesa, a treatise on exegetical methodology, sulvasutras dealt with geometry.

Beginning of Battle - Anil Ambani and Mukesh Ambani

No comments: