MBA students reliving Ambani drama on campuses
The Ambani ‘kahani’ is the talk of city B-schools. MBA students in Kochi have been glued to the Ambani drama as it unfurled over the last seven months with all the ingredients of a Hindi film where the mataji comes to the rescue of the khandaan.
The future managers give full marks to Kokila Ben for solving the issue by splitting the Reliance empire between the two sons.
“This had to happen. However, the split is not going to break the empire. The diversified portfolios of the brothers will only take the company from strength to strength,” said Praveen S., a management student of the Cochin University of Science and Technology.
According to Varkey J.Ancheril, a student of Master of Human Resource Management, Rajagiri College, both the brothers are capable of excelling in their allotted portfolios. “It was a great decision taken by the family. The future of about three million shareholders was at stake. The decision has made the market also happy,” he said.
While Sweta Narayanan, another student of the same institution, felt the split had to happen and ‘earlier the better,’ Rahul Ramesh said the issue dragged on for months. “We believe both the brothers are quite happy with what they’ve got,” said Jayakrishnan, an MBA student of Rajagiri.
As per the settlement, Mukesh Ambani retains the flagship company - Reliance Industries Ltd - and the petrochemical venture IPCL. Anil Ambani gets Reliance Infocomm, Reliance Energy and Reliance Capital, which he has named as Anil Dhirubhai Ambani (ADA) Enterprises.
“The Reliance split will definitely be a good case study for us. I’m quite impressed by the power plan announced by Anil Ambani. But it is too early to say whether he can make Reliance Capital the third biggest financial services and banking company in the country,” said S.Laja Vijayan, MBA student at the School of Management and Communication Studies (SCMS), Kalamassery.