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Anil Ambani, the younger of the two Ambani brothers who own the $23-billion Reliance group, Sunday said he parted on a cordial note with Mukesh Ambani after the settlement of a seven-month ownership feud.
Addressing a news conference a day after the spilt of the Reliance business empire as a settlement to end a bitter family row, Anil said shareholders should not worry about the growth of the group in the years ahead.
"We have parted on a very cordial note and investors should have no fear whatsoever. This is a one-way street...it's a car with no reverse gear," said Anil with his characteristic confidence and aggressiveness.
"I look at it simply as an issue that needed to be resolved and it has been resolved. It's a new beginning for me and going forward. I am sure Mukesh will do extremely well," he said.
Responding to a question on the mood in the family after the separation of the business between the two brothers, the younger Ambani said: "Events of the last few months were very saddening for the Ambani family."
Anil, who initially refused to answer any "personal" questions while addressing the news conference after the board meeting of his companies, said Reliance stakeholders should now look forward to a bright future.
Earlier, Anil - accompanied with wife Tina and two sons - visited the Tirumala temple in Tirupati to pay obeisance to Lord Venkateshwara after the resolution of the family slugfest.
"I had gone there when all these things started and I had decided to visit the temple again when everything gets resolved," said a relaxed Anil who mingled freely with journalists.
The Reliance business empire, India's largest private business conglomerate, has been split to settle a feud between the two Ambani brothers - Mukesh, 48 and Anil, 46.
Under the settlement, Mukesh will get control over oil refining and gas firm Reliance Industries, which is India's largest private enterprise, and former state-run company Indian Petrochemicals Corporation Ltd.
The younger Ambani will manage the power utility Reliance Energy, the finance firm Reliance Capital, and telecom services major Reliance Infocomm.