On June 18, Kokilaben issued a statement announcing the settlement between her two sons, Mukesh and Anil over the ownership issues in the Reliance empire.

"I have today amicably resolved the issues between my two sons, Mukesh and Anil, keeping in mind the proud legacy of my husband, Dhirubhai Ambani.

"I am confident that both Mukesh and Anil, will resolutely uphold the values of their father and work towards protecting and enhancing value for over three million shareholders of the Reliance Group, which has been the foundational principle on which my husband built India's largest private sector enterprise.

"Mukesh will have the responsibility for Reliance Industries and IPCL, while Anil will have responsibility for Reliance Infocomm, Reliance Energy and Reliance Capital."

It was a fine resolution. And the markets heaved a sigh of relief when the settlement was announced after a long batter... So how did the fight spill out into the open? Read on...

Image: Chairman of Reliance Power Anil Ambani (L) is joined by his mother Kokilaben (R) and chief executive of the Bombay Stock Exchange (C) Rajnikant Patel as he lights a lamp at a ceremony to mark the listing of the company at The Bombay Stock Exchange in Mumbai. | Photograph: Sajjad Hussain/AFP/Getty Images