New Delhi: Just when everybody thought that the two Ambani brothers had buried the hatchet, Anil Ambani has fired another salvo.
This time seeking changes in several key agreements between his and his brother's group of companies. Anil Dhirubhai Ambani Group says that these deals were signed while the four demerged companies were still under RIL control.
ADAG is going to write to RIL seeking ammendments in the gas supply agreement between Reliance Industries and Anil's Reliance Natural Resource Limited.
ADAG is also seeking ammendments in the Non-compete and branding agreements between the two groups.
The agreements between the four new companies transferred to Anil Ambani and his elder brother Mukesh' flagship company Reliance Industries may become the bone of contention, with younger scion seeking changes in the pacts, saying there were major deviations from agreed position.
"Reliance-ADAG will write to RIL for amendments to the gas supply, non-compete and brand agreements. These agreements were signed when the new ADAG companies were under RIL control," ADAG sources said.
The three agreements contained 'major deviations' from agreed positions in the settlement between Anil and Mukesh, they said.
The decision to write to RIL was revealed following news reports that RIL and ADAG had signed a non-compete agreement, wherein the elder brother's group was free to enter the airport business in case Anil's side failed to get airport modernisation contracts for either Delhi or Mumbai.
Sources in Mukesh group declined to be drawn into the controversy, saying they had not heard from Anil's camp on the three agreements.
The latest round of acrimony had started last week after news reports that RIL and Reliance Natural Resources Ltd, one of the four companies transfered to Anil on February 7, had signed a gas supply agreement.
The Anil camp had declared that suitable amendments would be made in the three pacts after these companies were handed over to them.
(With PTI inputs)
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