Mukesh Ambani v/s Anand Jai
WHY MUKESH AMBANI NEED ANAND JAIN ??
1) To develop 3 special purpose companies for generation, transmission and distribution of power. Plans to develop a 700 MW gas-based power plant for captive use in SEZ.
2) Mukesh Ambani can not foray in to financial services undertaken by his brother Anil Ambani's Reliance Capital as there is a five-year non compete agreement.
JAI CORP'S FUTURE PROJECTS ON AMBANI'S WATCHLIST
1) 10 % stake in Navi mumbai SEZ.
2) 10 % stake in Rewas port.
3) Promoting Urban Water Supply for SEZ.
4) Acquiring equity in Urban Infrastructure which is a construction, engineering and procurement contractor for SEZ.
5) Proposal to bid for the New International Airport for Navi Mumbai.
So, in short, Mukesh is bound by the agreement to stay away from businesses which Anil is in, for the next five years. However, Jai Corp is launching into many of those businesses with Mukeshs support.
So, make your own call on Jai corp..
