Anil bids emotional farewell to RIL, shareholders

Mumbai, Aug 3 | Updated: Aug 4 2005, 05:56am hrs
It was a very emotional moment for Anil Dhirubhai Ambani, whose presence on Wednesday at the Reliance Industries AGM here took the entire audience by surprise. This was the first time that the two brothers came together on a public platform, ever since news of the friction between the Ambani brothers broke out. For Anil, the moment was even intense. He arrived at the AGM as just another RIL shareholder - one among several lakhs of them - and no longer its vice chairman.

In his address, Anil evoked the same maternal influence which had earlier helped the two sparring brothers reach an amicable settlement. Referring to Kokilaben D Ambani, who was present at the AGM, he said, "To my mother, I'm beholden. She gave me birth twice. The first was when I was actually born to her, and the next, on July 18, 2005," referring to the settlement she helped chalk out between the brothers, whereby Reliance Energy, Reliance Capital and Reliance Infocomm went to Anil, while Reliance Industries went to Mukesh. "I had publicly advocated that fairness to shareholders should not be compromised," Anil said. "I am happy that the principles I advocated have been embraced."

Anil then showered praises for the founder of the Reliance Group. "The true creator of the Reliance Group is one man - Dhirubhai Hirachand Ambani. I'm happy to have worked with him, learned from him."

"For the past 25 years, Reliance was everything to me. It was the centre of my corporate life. I have breathed it, dreamt the RIL dream every moment."

Anil scaled up the emotive ambience further with the statement, "I leave this organisation with a deep and abiding sense of personal loss. Life for me will never be the same again. But change is inevitable. Under Mukesh's outstanding leadership, RIL will scale greater heights. I look forward to his love, affection and advice." And to the shareholders, who are also the new shareholders of his company ADAE, he remarked, "I hope to receive your trust and faith in the days to come," eliciting a loud applause from the audience.