Kokilaben got Mukesh Ambani to bail out Anil

Mediation by matriarch Kokilaben Ambani is what prompted India’s richest man Mukesh Ambani to bail out younger sibling Anil at the nick of the moment from a potential jail term.

The brothers were in discussions since February 20, the day the Supreme Court ordered Anil Ambani to pay ₹453 crore to Swedish telecom equipment major Ericsson within four weeks or face a three-month jail term.

“Mukesh came to his younger brother’s rescue to avoid the Ambani family name from being tarnished, and the patching up between the brothers was initiated by their mother. No outsider was involved in the mediation, which happened mainly over the previous four weeks,” a source privy to the talks told BusinessLine.