The Reliance group headed by Mukesh Ambani has been eyeing a prime plot of land in south-central Mumbai’s Breach Candy area over the last four years. In fact, so keen was it on acquiring it that, at one point, it allegedly made a “backdoor attempt” to wrest control of the family trust that owns the land.
It is quite another matter that India’s biggest privately-owned corporate entity did not make much headway as the Seth Damodar Madhavji Charity Trust (henceforth, DMT), controlled by the Vussonji family, has opposed the group’s attempts tooth and nail.
The article is behind a paywall.
