Ambanis Excel

Ambani brothers are once again in the limelight for their dispute.
Kokilaben , the Ambani empire's mother brokered a pact between the two brothers regarding sale of gas.
The Krishna Godavari dispute is being argued in the Supreme court.
Harish Salve , while arguing for Reliance Industries, said private pact between two people cannot bind a corporate entity and its shareholders.The pact has no legal validity.
The private deal by Kokila ben makes the selling price as $2.34/unit to the younger brother Anil Ambani's Reliance Natural resources.
The price tenure and quantity were based on a family reorganisation pact in 2005. Subsequently RIL had said that it cannot sell at this rate and had quoted $4.20/unit.
The RIL chairman ,the elder brother ,Mukesh Ambani has signed the pact. But the RIL board has never approved it.

An interesting engagement is keeping us in bewilderment.
Well, Did Mukesh sign the pact as Chairman of RIL or as eldest son of Kokilaben?
The mantle of the son does not work here.
It is his position as Chairman of the company that makes an impact.
Before signing, Mukesh Ambani should have procured the consent of his board
Why did he not do that?

If everything went well with the siblings the pact would have seen many approvals.
As there is bitter rivalry between the brothers, the private pact has lost its form.
Salve, a legal genius , is playing on the bare discrepency, that of private and corporate.
It is not the shareholders that are the primary concern of RIL's refusal.
It is the ego of Mukesh that is holding sway.
Tomorrow it Jethmalini's appointment.

Amabni's excel in business . They also excite in histrionics.