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Mr. ML Bhakta

Six directors in resignation of Reliance Energy Board.

SIX directors of Reliance Energy Ltd today issued his resignation to the board of directors of the company, deepening the mystery of the difference between the two Ambani brothers.

The six directors are of the opinion that we close to Mr. Anil Ambani, is also Chairman and Managing Director of Reliance Energy Ltd.

No reasons were for their sudden resignation.

The directors have their resignations are: M. Satish Seth, Executive Vice-President, Mr KH Mankad, full kitchen of the value of time director (Finance), Mr. SC Gupta, full kitchen of the value of time Director (Operations), Mr. JP Chalasani, full-time value Chef Manager (Business Development), Mr. Amitabh Jhunjhunwala, director, and Professor J. Ramachandran, Independent Director.

What is surprising, Reliance many observers that the majority of theatre directors, in their papers were of the opinion that we close to Mr. Anil Ambani. Four of them are folds of Reliance Industries, while Prof. Ramachandran is a Faculty of the Indian Institute of Management, Bangalore.

Mr. Mankad has been a director of the company, even before Reliance has BSES.

News of his resignation was Reliance Energy, in a communication on the stock markets on Thursday afternoon. On Wednesday, President and CEO of Reliance Industries, Mr. Mukesh Ambani, had convinced Mr. ML Bhakta, director on the board of this company, its resignation.

Mr. Bhakta the offer of resignation, ostensibly for reasons of age, had triggered rumors, there is another resignation of directors of Reliance Industries Ltd.

However, she jumped Reliance Energy surprise, with a half-dozen of its directors resigned at once.

None of the directors, was withdrawn to submit its comments. There is, however, another director, is still on the board said these resignations can not be independent of their decision. Such is the case in current developments within the group, he said.

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