Mukesh or Anil – Pick Your Favorite Ambani

15 06 2008

Even when it comes to dealing with shareholders, the Ambani brothers seem to differ in their styles. Mukesh Ambani while addressing the Reliance Industries AGM this month got annoyed when a shareholder pestered him about bonus shares. He said “If you don’t like the Reliance stock, sell them away,” reports ET. 

 

In stark contrast, when the Anil Ambani promoted Reliance Power had a poor debut in the stock market after the mega offering it issued a press-release, stating the board will consider “a proposal for issuing free bonus shares to all categories of shareholders, excluding the promoter group, thereby protecting investors even from notional short-term losses on their shareholdings”. The company issued 3:5 bonus.

 

It will be interesting to watch what wins in the long run. Solid performance or great investor relations!

 

– G.Mohan

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