Anil announces creation of new enterprise, major expansion plan.

Publication: PTI - The Press Trust of India Ltd.

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COPYRIGHT 2005 Asia Pulse Pte Ltd

Mumbai, Jun 19 (PTI) A day after the settlement of the Reliance business empire, an upbeat Anil Ambani on Sunday announced the group to be headed by him post-split with his elder brother Mukesh will be called Anil Dhirubhai Ambani Enterprises and unveiled major investment and expansion plans for it.

Forty six-year old Anil, who would take charge of the country's biggest private telecom company Reliance Infocomm (RIC) as well as Reliance Energy and Reliance Capital as part of the settlement, told a press conference here that Rs 30 bn would be injected to expand the equity base of Capital and Energy companies.

His message to over three million investors in the Reliance group was that they had nothing to be worried about since the group was a ""car without a...

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