Wednesday, July 13 2005 20:05 Hrs (IST) - World Time -

Mumbai: Anand Jain, a key confidant of RIL Chairman and Managing Director Mukesh Ambani, has not quit the Board of group's petrochemical company IPCL contrary to media reports.

"Anand Jain has not quit IPCL," an RIL spokesperson said when asked whether Jain had resigned from the company's Board.

Reports had suggested that Jain had resigned on June 18, the day of settlement of the ownership issues in Reliance empire as part of which Mukesh retained RIL and IPCL while his younger brother Anil got Reliance Infocomm, Reliance Energy and Reliance Capital.