Date:26/11/2004 URL: http://www.thehindubusinessline.com/2004/11/26/stories/2004112602750100.htm

Back Anil Ambani breaks his silence

Our Bureau

Mumbai , Nov. 25

THE Vice-Chairman of Reliance Industries, Mr Anil Ambani, today broke his silence on the Reliance ownership controversy.

In a brief statement to newspersons outside the Reliance corporate headquarters in South Mumbai this evening, he said: "I am sure you will appreciate that I have not spoken till now and I will continue in that mode. At an appropriate stage and time, when it is necessary and if necessary, I will again make a statement on other issues. There are long hours ... and there are going to be long days."

The resignation of six directors from the board of Reliance Energy will be considered and intimated to the stock exchanges at the appropriate time, he added.

The company would keep the stock exchanges, investors and the media informed of developments, Mr Ambani said. "I am not going to comment on any other issue at this time."