Mukesh Ambani lost a bundle last time. This time he could do so again.

If you guys remember, Mukesh lost a bundle when he got into a tiff with his brother Anil Ambani last time. He lost nearly Rs. 7000 crores in sweat equity which he would have received had Anil not blown off the lid on the sweat equity scam. Some of Mukesh’s freinds also lost money and I am not talking about small change here. I believe Mukesh will lose money or some advantage again as Anil is slowly and steadly revealing information which will have adverse effects on Mukesh’s business. We have already seen that the government is reviewing the terms and conditions based on which they will enter all future oil and gas contracts. They intend to ensure that they have the final decision on pricing and distribution of national assets like oil and natural gas reserves. I think the way things are going, the capex of over $8 billion dollars approved for Reliance by the government may also be reviewed or may come under scanner.

I don’t know know about you but I have seen that Anil Ambani does his homework and he uses the media very effectively to strike at the right place. Anil Ambani would not have made the speech that he did without having some aces up his sleeve. For instance, he has cleverly brought in NTPC a government company and is suggesting the amount of losses that they will make if the government and Mikesh Ambani are allowed to do what they are doing.

Let us if how this drama unfolds. On the face of it, I believe that Anil is right.

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