Can brotherly love buy you money?Martin Hutchinson | 2010-05-26 02:10:00
Can brotherly love buy you money?
The reconciliation between billionaire brothers Mukesh and Anil Ambani has boosted stocks of several of the companies they control.
But while the rapprochement will save them stress and legal fees, friendly relations probably won't add much long-term value.
There is some scope for joint ventures between the two brothers' conglomerates - respectively, Reliance Industries and Anil Dhirubhai Ambani Group (ADAG). But these are minor.
Meanwhile merging the groups, reversing the break-up of 2005, makes little economic sense given the current form of their holdings.