Reliance ADA Group (ADAG) and Reliance Industries (RIL) have scrapped all non-compete agreements signed at the time of the split of the Reliance Group, which, in particular give the younger (Anil) Ambani, exclusivity over in emerging segments like Telecom and Media. A new non-compete agreement has been signed, under which RIL will not enter the Gas Based Power Generation Business until March 31, 2022, though it can operate its captive gas based power plants. The important statement: "These developments will eliminate any room for any further disputes between the two groups, on matters relating to the scope and interpretation of the non-compete obligations." At the time of the split, Mukesh Ambani had received control over Reliance Industries and IPCL, covering petrochemicals, oil and gas exploration, refining and textiles, while Anil Ambani had received control over Reliance Infocomm (Reliance Communications), Reliance Capital and Reliance Energy, as a part of the Reliance Anil Dhirubhai Ambani Group (R-ADAG). Reuters has a timeline, here. On Telecom Elder brother Mukesh Ambani had been instrumental in launching the Reliance Group's telecom business, Reliance Infocomm, only to cede ownership to Anil Ambani at the time of the split. Since the split, he has refrained from investing in teleom and media business, investing only in an Indian Premier League Cricket team (Mumbai Indians) in the sports space. Of the new telecom operators, Datacom, which has launched services as Videocon, has in the past been linked with Mukesh Ambani - a member of India's Parliament had alleged as much…
