Mukesh Ambani helped his younger brother pay off his outstanding debts.
By Joanna Slater Joanna Slater Foreign correspondent covering South Asia Email Bio Follow March 19 at 7:55 AM MUMBAI — It was a display of sibling devotion for the record books.
The development marked the latest twist in the long saga of India’s wealthiest family. More than a decade ago, the two brothers feuded over the empire created by their father and parted ways in a rancorous split. Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, attends the annual general meeting of Reliance Communication in Mumbai, Sept. 4, 2012. REUTERS/Danish Siddiqui/File Photo His younger brother Anil, chairman of Reliance Group, has been far less successful. His wealth has decreased to $300 million, about a tenth of what it was in 2008, and his businesses are saddled with debt. He also has become enmeshed in a political controversy over a deal to buy fighter planes from France.
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