Kokilaben nudged Mukesh Ambani to bailout Anil?

Kokila Ben
Kokilaben Ambani (Image Credit: Business Today)

India richest man Mukhesh Ambani and family were all over the media spaces in the past couple of weeks thanks to the big fat wedding of Akash Ambani. The eldest son of Mukesh and Nita Ambani, married Sloka Mehta, the daughter of the diamantaire, Russel Mehta on March 9.

The Ambanis were also in news for another reason. Reliance Industries chairman Mukesh Ambani had helped Reliance Communication chairman Anil Ambani avoid a certain jail term. Due to elder brother’s timely assistance, Anil could pay Rs 462 crore dues to Ericsson a day before the deadline (March 19)set by the Supreme Court.

Read: Mukesh Ambani helps brother avoid jail

The world came to know about it only because of a statement put out by Anil Ambani, expressing his gratitude to his brother and sister-in-law Nita Ambani for their kind gesture.

Now, it appears that Mukesh Ambani extended his helping hand only after mediation by his mother Kokila Ben, according to media reports. This is not the first time Kokila Ben acted as mediator between the brothers.

After the death Dhirubhai Ambani, her husband, in 2002, a serious difference cropped up between her two sons. As the family feud began playing out in public, Kokila Ben intervened and divided Reliance Group businesses between Mukesh and Anil in 2005. The move was lauded by millions of stakeholders.

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