Reliance after Dhirubhai
In November 2004, Mukesh Ambani in an interview, admitted to having differences with his brother Anil over ownership issues. He also said that the differences are in the private domain. He was of the opinion that this will not have any bearing on the functioning of the company saying Reliance is one of the strongest professionally managed companies. Considering the importance of Reliance Industries to the Indian economy, this issue got an extensive coverage in the media.Kundapur Vaman Kamath, the Managing Director of ICICI Bank was seen in media, a close friend of the Ambani family who helped to settle the issue. The brothers had entrusted their mother, Kokilaben Ambani, to resolve the issue. On June 18, 2005, Kokilaben Ambani announced the settlement through a press release.
The Reliance empire was split between the Ambani brothers, Mukesh Ambani getting RIL and IPCL & his younger sibling Anil Ambani heading Reliance Capital, Reliance Energy and Reliance Infocomm. The entity headed by Mukesh Ambani is referred to as the Reliance Industries Limited whereas Anils Group has been renamed Anil Dhirubhai Ambani Group (ADAG)