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Monday October 12, 10:40 AM
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TIMELINE - Key dates in Ambani brothers' feud
MUMBAI (Reuters) - A dispute between the billionaire Ambani brothers over the supply and pricing of natural gas comes as a test of India's governance standards and could discourage investment in India's energy sector as the country scrambles to shore up its energy security.
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 (RELIANCE.NS : 1045.95 -17.8
), and Anil Ambani is made vice-chairman.
* Nov 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.
Anil gets telecoms, power, entertainment and financial services. The Anil Dhirubhai Ambani Group includes Reliance Communications Ltd (RCOM.NS : 166.6 -1.5), Reliance Infrastructure Ltd, Reliance Capital Ltd, Reliance Natural Resources Ltd (RNRL (RNRL.NS : 67.25 -0.45)) and Reliance Power Ltd.
* July 2008 - Reliance Communications calls off merger talks with South Africa's MTN after Mukesh makes a claim on the shares of Anil's telecom firm.
* June 15, 2009 - Mumbai's High Court directs Reliance Industries and RNRL to enter a gas supply agreement within a month.
* October 11, 2009 - Anil Ambani calls for a renewed effort to end the bitter feud with his brother.
