Financial Times FT.com

Brothers threaten clash over Reliance sale

By Joe Leahy in Mumbai

Published: June 15 2008 17:21 | Last updated: June 15 2008 17:21

A flare up of sibling rivalry between India’s billionaire Ambani brothers over the proposed takeover of mobile operator Reliance Communications by South Africa’s MTN is threatening to spill over into the courts.

Mukesh Ambani, through his group Reliance Industries, last week threatened to block the planned combination by claiming a right of first refusal over Reliance Communications, the flagship of his younger sibling Anil Ambani.

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