The Supreme Court has issued its ruling in the gas-pricing dispute between the billionaire Ambani brothers. The fiercest corporate battle till date had rattled investors and raised concerns over the influence of powerful businesses on government policy.
Following is a timeline of key dates in the Ambani rift.
July 2002: Dhirubhai Ambani, a school teacher's son and founder of the Reliance business empire, dies. Mukesh Ambani becomes chairman and managing director of Reliance Industries Ltd, and Anil Ambani is made vice-chairman.
November 2004: Feud between the brothers becomes public.
June 2005: Family reaches a settlement to split the Reliance group in a deal brokered by their homemaker mother, Kokilaben.
2006: Formal split takes place, with Mukesh taking control of flagship Reliance Industries, with interests in petrochemicals, oil and gas exploration, refining and textiles. He has since launched a retail venture. The Anil Dhirubhai Ambani Group gets telecom, power, entertainment and financial services. The Group includes Reliance Communications Ltd, Reliance Infrastructure Ltd, Reliance Capital Ltd, Reliance Natural Resources Ltd (RNRL) and Reliance Power Ltd.