Friday, Sep 17, 2021
Outlook.com

Mukesh Ambani The DivisionFormula

Mukesh Ambani The DivisionFormula
Mukesh Ambani The DivisionFormula
outlookindia.com
-0001-11-30T00:00:00+05:53
  • Owns the cashcow RIL and IPCL

  • To pay a huge amount to Anil

  • RIL to continue guarantees to Reliance Infocomm and RCIL

  • Gas supply commitments to Anil-owned Reliance Energy

The Pressure Points:
  • Has to be ready for his next business battle with Purnendu Chatterjee who, after his takeover of Basell, has announced he wants global dominance in petrochemicals

  • May not be able to use RIL's cashflows for expansion/diversification due to compensation commitments to Anil; may hurt RIL's investment plans

  • His credibility has been dented because of corporate governance issues raised by Anil; needs to rebuild it

  • May waste his time nursing the beating his ego has taken in the past 7 months; may spend a lot of his energy thinking of ways to get back at Anil

  • Will face pressure about key loyalists-has publicly distanced Anand by removing him from IPCL board and Manoj Modi will find himself in the dock on the issue of re-routing of international calls
Advertisement

Outlook Newsletters

Read More from Outlook

Kohli's Stepping Down As India's T20 Captain Part Of BCCI 'Roadmap'

Kohli's Stepping Down As India's T20 Captain Part Of BCCI 'Roadmap'

Virat Kohli will hand over India's T20 captaincy after the World Cup in October-November. Given his IPL record as skipper, Rohit Sharma is widely tipped to succeed Kohli.

24 New Ministers Sworn In To Gujarat Cabinet, Bhupendra Patel To Hold First Meeting As CM

24 New Ministers Sworn In To Gujarat Cabinet, Bhupendra Patel To Hold First Meeting As CM

Governor Acharya Devvrat administered the oath to 10 cabinet ministers and 14 ministers of state along with five ministers of state with independent charge.

FM Sitharaman Announced Setting Up Of National Asset Reconstruction Company

FM Sitharaman Announced Setting Up Of National Asset Reconstruction Company

Finance Minister Nirmala Sitharaman on September 16 announced that the Cabinet has approved a central government guarantee of up to Rs 30,600 crore to back security receipts to be issued by National Asset Reconstruction Company Limited (NARCL). The guarantee would be valid for a period of five years. Asset reconstruction companies (ARCs) generally buy distressed assets with a 15 per cent cash payment and 85 per cent in security receipts.

Farmer Protests: Haryana Govt Forms Committee To Resolve Highway Blockade Issue

Farmer Protests: Haryana Govt Forms Committee To Resolve Highway Blockade Issue

Haryana government constituted a state-level committee to hold discussions with the farmers’ and farmers’ unions regarding the ongoing blockade of NH-44 by protesting farmers.

Advertisement