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.
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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.
