Monday, December 27 2004 14:33 Hrs (IST) - World Time -

Mumbai: Anil Ambani "recused" from discussion on Reliance Energy Ltd (REL), headed by himself, at the crucial board meeting of the Reliance Industries Ltd today (Dec 27, 2004).

As soon as the discussion at the board meeting started on REL, Anil got himself excused on the ground that he was the Chairman and Managing Director of the company.

Anil had earlier demanded a full discussion on REL's future where RIL had sought 50 per cent stake in a bid to get re-endorsement of the flagship company's investment, which in January 2004 pledged financial support of Rs 500 crore for the energy venture.

REL had subsequently sought amendment to the Articles of Association empowering the parent company's board to appoint the chairman, vice chairman and other majority directors, a move objected to by RIL.