By
now you must have probably heard that Reliance
Industries has decided to acquire LyondellBasell
also known as the world’s third largest manufacturer of chemicals.It is
refreshing to talk about Reliance in a context which does not involve the
battle of the Ambani brothers in the Supreme Court and news of an acquisition
interest like this is a guaranteed news maker. Reliance has offered Ten billion
dollars to buy LyondellBasell and it is doing so in style. An all cash deal-no
fuss, no tangle. With the pile of cash Reliance is sitting on it’s no wonder
that Mukesh Ambani finds himself the
richest Indian in the world even past steel Czar Lakshmi Mittal in the Forbes List of Indian Billionaires.
One would think that
for the amount of money that the Ambani brothers have they’d at least be happy.
We’re talking about two men who are annually listed among the top ten richest
people in the world.Yet every single time one brother gets a slight advantage;
the other one simply can’t wait to ruin the other’s happiness. This sibling rivalry
has unfortunately turned out into one big ego brawl between Mukesh and Anil Ambani.
RIL’s
loss in the Bombay High Court regarding the sale of gas from the KG Basin to RNRL was expected to stay that way. But
the elder Ambani has dragged the matter to the Supreme Court. The matter came
up for hearing today and judging by the way this is turning out, Corporate
India is set to witness a no holds barred street fight between the elder Mukesh
and the younger Ambani.
