"Sainsbury's believes it is in the best interests of the company's shareholders to reachsettlement and bring this matter to a conclusion, " the grocery firm said in a statement.
The seeds of the current dispute were sown in a family agreement of 2005, which divided the Reliance empire founded by their late father Dhirubhai Ambani, who had died three years earlier. (See " Indian Billionaire Ambani Brothers ReachSettlement").