India Reliance: Ambani settlement reports baseless

MUMBAI, Nov 10 (Reuters) - India's Reliance Industries (RELI.BO) said on Tuesday reports of a meeting between the billionaire Ambani brothers to settle a gas-pricing dispute were baseless.

Reliance Industries, controlled by billionaire Mukesh Ambani, is embroiled in a high-profile legal battle over a deal to sell gas to Reliance Natural Resources (RENR.BO), led by Ambani's estranged younger brother Anil, at below the price set by the government. [ID:nBOM489932]

Reliance Industries said in a statement the matter would be decided by India's Supreme Court, which is currently hearing the case. (Reporting by Pratish Narayanan; Editing by Ranjit Gangadharan)