Anil Ambani
Property brokerage firm Square Yards' FY19 revenue up 38% at Rs 220 cr
Fri, May 03, 2019
On operational front, the company concluded 11,508 transactions, including housing sales and home loans, during the last financial year, slightly better than the 11,299 deals in the previous year. In value terms, it did transactions worth nearly Rs 5,000 crore as against Rs 4,302 crore in the 2017-18 fiscal.
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Reliance Capital to cut debt by Rs 10,000 to Rs12 crore by monetising stakes in group companies, non-core investments
Thu, Mar 07, 2019
The completion of these transactions would be a major step forward in Reliance Capital`s deleveraging strategy, it said. Reliance Capital said its 43 per cent stake in RNAM is currently valued at over Rs 5,000 crore and the sale of controlling interests will be at a significant premium to the market.
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For first time, Mukesh Ambani enters this prestigious global rich club; Check full list here
Wed, Feb 27, 2019
Reliance Industries chief Mukesh Ambani has broken into the top 10 richest list globally with a net worth of $54 billion, while the fortunes of his younger brother Anil Ambani have done a U-turn, having lost over 65 percent of his net worth, according to a new report.
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Reliance Capital invites Nippon Life to acquire its stake in asset management JV
Thu, Feb 21, 2019
"Reliance Capital Ltd has invited its partner, Nippon Life Insurance Co Ltd to make an offer to acquire up to 42.88 per cent stake held by Reliance Capital in Reliance Nippon Life Asset Management Ltd," Reliance Capital said in a regulatory filing.
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Rcom Chairman Anil Ambani found guilty by SC in Ericsson default case
Wed, Feb 20, 2019
India’s Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications (RCom), guilty of contempt of court for wilfully failing to pay 5.5 billion rupees ($77.29 million) to telecom equipment maker Ericsson. The court ordered the billionaire and two RCom directors to pay 4.5 billion rupees to Ericsson within four weeks or risk a three-month jail term, according to a ruling from a two-member bench headed by Supreme Court judge Rohinton Fali Nariman. The RCom had previously deposited more than 1 billion rupees with the court. In a statement, the Indian telco said it respected the ruling and “shall comply with the same”.
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Rcom Chairman Anil Ambani found guilty by SC in Ericsson default case: 5 things to know
Wed, Feb 20, 2019
India’s Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications (RCom), guilty of contempt of court for wilfully failing to pay 5.5 billion rupees ($77.29 million) to telecom equipment maker Ericsson.
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SC holds Anil Ambani, others guilty of contempt of court for wilfully not paying dues to Ericsson
Wed, Feb 20, 2019
A bench comprising of Justices RF Nariman and Vineet Saran said if the contemnor failed to make the payments within the specified period, they will undergo a jail term of three months.
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Big relief for Anil Ambani, lenders agree not to sell pledged shares till September
Mon, Feb 18, 2019
This segment of Zee Business brings to you latest on Anil Ambani who has got big relief after a 'standstill agreement' with banks in which lenders agree not to sell pledged shares till September. Watch full video to know more.
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Reliance Power asks Sebi to immediately ban Edelweiss from capital markets
Wed, Feb 13, 2019
Anil Ambani-led Reliance Power has asked the Sebi to immediately ban Edelweiss Group from the capital market, alleging "illegal and market disruptive activities" to cause a steep plunge in the company's share price.
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Market cap erosion: Boards of Reliance group firms recommend legal action
Sat, Feb 09, 2019
A day after accusing L&T and Edelweiss entities of causing huge market value erosion by "illegal and motivated" sale of their pledged shares, Anil Ambani-led Reliance Group Saturday said boards of its three listed firms have recommended "all appropriate legal steps" to protect shareholders' value.
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