Tuesday, Nov 30, 2004
Tuesday, Nov 30, 2004 |
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By Our Special Correspondent
Mukesh Ambani, chairman and managing director, Reliance Industries Ltd. — Photo: Bijoy Ghosh
MUMBAI, NOV. 29 . Mukesh Ambani, Chairman and Managing Director of the Reliance Industries Ltd., said today the recent loss of market cap of the Reliance group companies was an aberration, something that was not expected to last for long. "The underlying fundamentals of Reliance are very strong and it is well on its way to being a global leader in several sectors. Reliance is irrevocably committed to safeguard and promote the interests of millions of our shareholders and they know that the recent market cap loss is fully recoverable," Mr. Mukesh Ambani told The Hindu . He refused to comment on any other issues pertaining to the ongoing controversy.
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