Anil Ambani - Revision history

Jyoti: /* 2019: ceases to be a billionaire */

2025-12-14T21:01:33Z

‎2019: ceases to be a billionaire

Jyoti: /* Marriage with Tina Munim */

2025-07-28T07:45:45Z

‎Marriage with Tina Munim

Jyoti: /* 2019: The fall */

2024-09-23T16:19:11Z

‎2019: The fall

Jyoti: /* 2022 */

2024-09-19T20:17:47Z

‎2022

Jyoti: /* Manipal Technologies */

2024-09-19T20:16:40Z

‎Manipal Technologies

Pdewan at 20:46, 27 August 2024

2024-08-27T20:46:12Z

Jyoti: /* =UK court orders Anil Ambani to pay $100 mn */

2022-08-26T07:50:45Z

‎=UK court orders Anil Ambani to pay $100 mn

Jyoti: /* 2022 */

2022-08-26T07:50:23Z

‎2022

Jyoti: /* 2022 */

2022-08-26T07:41:03Z

‎2022

Jyoti: /* 2019 */

2022-02-27T20:15:21Z

‎2019

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 Interestingly, in 2008 when Anil was ranked sixth among the world’s richest, Mukesh, with a net worth of $43 billion, was at the fifth position. Currently, Mukesh’s net worth is about $51 billion. Forbes’ realtime net worth indicator, however, shows Anil’s net worth at $1.5 billion. This indicator considers a person’s total wealth that includes all the stakes he/she holds in listed companies as well as in unlisted companies and other assets.
-[[Category:Biography|AANIL AMBANI
+==2025 Nov: ED attaches properties worth ₹3,000 crore==
 ANIL AMBANI]]
-[[Category:Economy-Industry-Resources|AANIL AMBANI
+[[Category:Economy-Industry-Resources|AANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
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-[[Category:India|AANIL AMBANI
+[[Category:India|AANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
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← Older revision		Revision as of 07:45, 28 July 2025
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	After she came back, he told her his plans and Tina met his family. Anil also went to Khar to meet Tina's family and informed them about his plans. After everything materialised, Tina and Anil tied the knot in a spectacular ceremony six weeks later.		After she came back, he told her his plans and Tina met his family. Anil also went to Khar to meet Tina's family and informed them about his plans. After everything materialised, Tina and Anil tied the knot in a spectacular ceremony six weeks later.
		+
		+	=The Anil Dhirubhai Ambani Group (ADAG)=
		+	==Status in 2025==
		+	[[File: The status of The Anil Dhirubhai Ambani Group (ADAG) in 2025.jpg\| The status of The Anil Dhirubhai Ambani Group (ADAG) in 2025 <br/> From: [https://epaper.indiatimes.com/article-share?article=26_07_2025_025_004_cap_TOI July 26, 2025: ''The Times of India'']\|frame\|500px]]
		+
		+	'''See graphic''':
		+
		+	'' The status of The Anil Dhirubhai Ambani Group (ADAG) in 2025 ''
		+
		+	[[Category:Biography\|AANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
		+	ANIL AMBANI]]
		+	[[Category:Economy-Industry-Resources\|AANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
		+	ANIL AMBANI]]
		+	[[Category:India\|AANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
		+	ANIL AMBANI]]
		+	[[Category:Pages with broken file links\|ANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
		+	ANIL AMBANI]]

	=Anmol Ambani=		=Anmol Ambani=

← Older revision		Revision as of 16:19, 23 September 2024
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	The courtroom battle and the failure to realise a deal with Mukesh saw the company’s stocks being hammered. It closed the day at Rs 5.62, a far cry from the high of Rs 821 reached on January 9, 2008.		The courtroom battle and the failure to realise a deal with Mukesh saw the company’s stocks being hammered. It closed the day at Rs 5.62, a far cry from the high of Rs 821 reached on January 9, 2008.
		+
		+	==2019/ Ericsson dues: Mukesh saves Anil from jail: in turn RCom leases Rs 460 cr assets==
		+	[https://www.businesstoday.in/bt-buzz/news/story/surprise-mukesh-ambani-did-not-bail-out-anil-in-ericsson-case-rcom-leased-rs-460-cr-assets-274963-2020-10-07 Nevin John, Oct 7, 2020: ''Business Today'']
		+
		+
		+	"No funds whatsoever were provided by Mukesh Ambani to Anil Ambani in a personal capacity, nor was there any gift," says Anil Ambani's spokesperson
		+
		+	Billionaire Mukesh Ambani did not provide any financial support to his younger brother Anil Ambani to save him from going to jail in the Ericsson dues case, which settled in March 2019. Instead, Anil Ambani's troubled firm Reliance Communications (RCom) paid Ericsson dues by raising around Rs 460 crore by leasing corporate assets to a group company of Mukesh Ambani's Reliance Industries, according to legal documents submitted by Anil Ambani in UK Court in the financial dispute with Chinese banks.
		+
		+	In response to a BusinessToday.In query, a spokesperson for Anil Ambani says: "The Ericsson matter pertained to a corporate liability, and funds to meet the obligation were raised through a corporate transaction by leasing out corporate assets. No funds whatsoever were provided by Mukesh Ambani to Anil Ambani in a personal capacity, nor was there any gift."
		+
		+	It is not clear which asset was leased out. An email sent to Reliance Industries didn't elicit any response.
		+
		+	On March 18, 2019, Reliance Communications (RCom) issued a press release, saying it paid Rs 458.77 crore to Swedish telecom equipment maker, clearing the outstanding dues and fending off a possible jail term for its Chairman Anil Ambani. In the statement Anil Ambani said, "My sincere and heartfelt thanks to my respected elder brother, Mukesh, and Nita, for standing by me during these trying times, and demonstrating the importance of staying true to our strong family values by extending this timely support. I and my family are grateful we have moved beyond the past, and are deeply touched with this gesture.”
		+
		+	But a year and a half later, Anil Ambani's The Reliance Group spokesperson clarifies that RCom's press release dated 18 March 2019 only captured the gratitude expressed by Anil Ambani as Chairman of RCom, to the Chairman and Director of Reliance Industries Limited, Mukesh and Nita Ambani, respectively.
		+
		+	Sources in both the groups say relations between Ambani brothers are not warm enough for the now vastly rich elder Ambani to save Anil financially from mounting debt. Two of Anil Ambani's companies--- RCom and Reliance Naval and Engineering Ltd--- are now under insolvency process. Mukesh Ambani's Reliance Jio is one of the bidders for a part of RCom's assets. The other major companies of Anil Ambani-- Reliance Infrastructure, Reliance Power and Reliance Capital--are debt-ridden and are together valued just Rs 1,600 crore in the stock market.
		+
		+	YES Bank recently issued a notice of possession to Ambani's headquarters at Santacruz and two other offices in South Mumbai for its dues. BT reported earlier that The Reliance Group of Anil Ambani is likely to shift corporate headquarters and chairman's office back to Reliance Centre at Ballard Estate in South Mumbai. In a major relief for Anil Ambani, the Delhi High Court in an interim order in August stayed insolvency proceedings against him and directed him not to dispose his assets until further order.
		+
		+	Once the world's sixth-richest person with wealth of $42 billion, Anil Ambani was ordered by a UK court in May to pay $716 million (Rs 5,276 crore) including interest and legal costs to the Industrial and Commercial Bank of China, Export-Import Bank of China and China Development Bank. Anil Ambani told the London court in September that he had to sell off all his jewellery to pay for his legal costs and his current expenses are being borne by his wife and family. He also said that he received loans from his son.
		+
		+	According to Anil Ambani sources, the UK proceedings are for the liabilities of RCom, which is already under insolvency in India and the Chinese banks will get their share of payments from the sale proceeds. "The matter pertains to an alleged personal guarantee for a corporate loan availed by RCom in 2012 from the Chinese State-owned banks, and not a personal loan of Ambani," a source said.
		+
		+	At least some of the lenders of Anil Ambani's businesses believe that his elder brother will again bail him out. Anil Ambani and his family were at the forefront during the weddings of Mukesh Ambani's daughter Isha with Anand Piramal, and son Akash with Shloka Mehta . It was Anil Ambani who came out to receive former President late Pranab Mukherjee during Isha's wedding in December 2018.
		+
		+	After the demise of father Dhirubhai Ambani in 2002, Mukesh and Anil had split the Reliance empire. Family business was divided in 2005 with the mediation of mother Kokilaben Ambani. But, a series of court battles and public spats happened for the natural gas produced from Reliance Industries' asset in Krishna Godavari (KG) basin. Making it more bitter, Anil Ambani's group filed a Rs 10,000 crore defamation suit against Mukesh in 2008 for the latter's remarks in an interview.
		+
		+	Finally, in 2010, the Supreme Court gave the verdict in favour of Mukesh's company in the gas dispute. In May 2010, the brothers scrapped all "non-compete" agreements among their companies, allowing either group to enter sectors that had earlier been reserved for one of them. This paved the way for Mukesh Ambani's entry into telecom, launching Reliance Jio.
		+
		+	It was rumoured during the time that the brothers settled financially before removing the non-compete clause from their family agreement. The Ambani family partied together in December 2011 at Chorwad in Gujarat during the 80th birth anniversary celebration of late Dhirubhai Ambani.
		+
		+	After that, the brothers were never seen together in any of the public functions. Mukesh was focused on building the telecom business and other expansions. In 2016, the brothers again united for their niece's wedding. Anil Ambani was happy at one point of time that his brother was coming up with Jio, and said in September 2016 that his telecom company had "virtually" merged with Reliance Jio. "Our spectrum is shared, our network is shared, our fibre is shared, our towers are shared, our voice is shared," he explained, while responding to the questions of shareholders at the AGM of RCom. It was just a few days after the launch of Jio's commercial operations.
		+
		+	Mukesh Ambani said in an interview at the same time, he was "happy" that they had overcome all their past issues at the family level, but added that their businesses were separate. Broadly, these statements were seen by the market as a reunion. But the launch of Jio destroyed the telecom business of Anil. In early July 2017, RCom blamed Jio directly as the reason for the financial stress in the telecom industry.
		+
		+	Soon, RCom started defaulting on its repayments on a debt of Rs 45,000 crore. Its asset sale failed to take off. Finally, Mukesh gave the helping hand and agreed to buy the RCom assets. Jio had announced a Rs 23,000-crore deal in December 2017 and completed the purchase of media convergence nodes and fibre for Rs 5,000 crore. But the spectrum sale got stuck after the telecom department sought bank guarantees. Ericsson went to court around the same time.
		+
		+	[[Category:Biography\|AANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
		+	ANIL AMBANI]]
		+	[[Category:Economy-Industry-Resources\|AANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
		+	ANIL AMBANI]]
		+	[[Category:India\|AANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
		+	ANIL AMBANI]]
		+	[[Category:Pages with broken file links\|ANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
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	=The fall=		=The fall=

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 Mumbai: Market regulator Sebi late on Friday banned Anil Ambani, three of his associates and Reliance Home Finance, one of his former group companies, from the market for three months for misusing funds of the company and diverting it to other group entities to pay off debt. Ambani and the others — Amit Bapna, Ravindra Sudhalkar, Pinkesh R Shah — were also restrained from associating with any listed entities.
-[[Category:Biography|AANIL AMBANIANIL AMBANIANIL AMBANI
+=2024=
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-[[Category:Economy-Industry-Resources|AANIL AMBANIANIL AMBANIANIL AMBANI
+[[Category:Economy-Industry-Resources|AANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
 ANIL AMBANI]]
-[[Category:India|AANIL AMBANIANIL AMBANIANIL AMBANI
+[[Category:India|AANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
 ANIL AMBANI]]
-[[Category:Pages with broken file links|ANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
+[[Category:Pages with broken file links|ANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
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← Older revision		Revision as of 20:16, 19 September 2024
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	However, the legal trouble for RCom does not end with Manipal Technologies’ plea. The insolvency plea filed by Ericsson against RCom for unpaid dues of nearly Rs 1, 150 crore also stands.		However, the legal trouble for RCom does not end with Manipal Technologies’ plea. The insolvency plea filed by Ericsson against RCom for unpaid dues of nearly Rs 1, 150 crore also stands.
		+
		+	=Reliance Capital=
		+	==The Rise & Fall/ 2008- 2024==
		+	[https://epaper.indiatimes.com/article-share?article=24_08_2024_021_018_cap_TOI August 24, 2024: ''The Times of India'']
		+
		+	[[File: The Rise and Fall of Reliance Capital and Anil Ambani, 2008- 2024.jpg\| The Rise and Fall of Reliance Capital and Anil Ambani, 2008- 2024 <br/> From: [https://epaper.indiatimes.com/article-share?article=24_08_2024_021_018_cap_TOI August 24, 2024: ''The Times of India'']\|frame\|500px]]
		+
		+	Mumbai : In 2008, Reliance Capital’s market capitalisation of over Rs 70,000 crore was larger than HDFC. Its chairman Anil Ambani had declared that it was among the top three financial institutions in the country. Just over a decade later, rating agency firm Care downgraded Reliance Capital to default.
		+
		+	From heading a conglomerate that had a market cap larger than the Tata Group in 2007 and being the sixth richest man globally, to having to declare himself bankrupt before a UK court in 2019, Anil Ambani’s fortunes have reflected that of his flagship financial services firm.
		+
		+	The troubles began with the global financial crisis in 2008, which strained liquidity for financial services companies. Instead of consolidating, ADAG Group continued its expansion, making big ticket investments in a joint venture with Steven Spielberg’s Dreamworks. There was also a string of acquisitions including Global Cloud Xchange, a global video game maker which was renamed Zapak, UTV Television, Pipavav Shipyard and MTS telecom.
		+
		+	The group’s diversification into infrastructure, particularly Reliance Power, defence and media took its toll on finances as the entry was at the wrong end of the business cycle and made matters worse.
		+	Reliance Communications (Rcom), which was expected to be a cash cow, also took a hit because of excess leverage. Also, the fact that Rcom was running on code division multiple access (CDMA) technology, which was shut down as industry shifted to GSM, also impacted business.
		+
		+	While other group companies faced their own challenges, at the core of Reliance Capital’s downfall were governance issues, particularly related-party transactions. Reliance Capital’s two main lending subsidiaries, Reliance Home Finance and Reliance Commercial Finance, went into default. The primary reason for the default was that these two companies had extended loans to related parties, which subsequ- ently defaulted. Sebi’s latest actions against Ambani and other senior officials of the ADAG group pertain to these transactions conducted by Reliance Home Finance.
		+
		+	The final nail on the coffin for the financial services firm was the tightening of liquidity after the twin failures of IL&FS and DHFL. Because of governance issues, Reliance Capital’s auditor PWC refused to sign the FY19 balance sheet leading to the Reserve Bank of India finally superseding the firm’s board initiating bankruptcy proceedings in November 2021. Ambani inherited the financial services, power and telecom businesses after his father and founder of Reliance Industries Dhirubhai Ambani’s death in 2002.
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		+	[[Category:Biography\|AANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
		+	ANIL AMBANI]]
		+	[[Category:Economy-Industry-Resources\|AANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
		+	ANIL AMBANI]]
		+	[[Category:India\|AANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
		+	ANIL AMBANI]]
		+	[[Category:Pages with broken file links\|ANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI
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	= RCom=		= RCom=

@@ Line 4: / Line 4: @@
 This is a collection of articles archived for the excellence of their content.</div>
 |}
 =As an industrialist=
 [http://indiatoday.intoday.in/story/india-today-high-and-mighty-2014-ranking-mukesh-ambani-cyrus-mistry-gautam-adani/1/400718.html ''India Today'']
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 =See also=
 [[The Ambanis ]] <> [[Anil Ambani]] <> [[Mukesh Ambani ]]

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 =2020=
-==UK court orders Anil Ambani to pay $100 mn=
+==UK court orders Anil Ambani to pay $100 mn==
 [https://timesofindia.indiatimes.com/business/india-business/anil-ambani-to-pay-100-mn-in-conditional-order-for-chinese-banks-uk-court/articleshow/74014911.cms  Anil Ambani to pay $100 mn in conditional order for Chinese banks: UK court, February 7, 2020: ''The Times of India'']
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 To which Robert Howe QC, representing Ambani, alongside Harish Salve QC, replied: “No, he has not. They have just recently introduced bankruptcy laws in India. It is unhelpful to give expert evidence at this point as there is Union law and provincial law in India.” The court heard that a change in government policy in 2012 “led to the exit of all major players in the market and a new entry to industry which others found difficult to compete with”. This led to RCom closing down in 2017. Ambani claimed he had a personal deficit of $305 million and that his net worth had collapsed from more than $7 billion in March 2012 to zero in December 2019.
 [[Category:Biography|AANIL AMBANIANIL AMBANIANIL AMBANIANIL AMBANI

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 The decline in fortunes accelerated in February when RCom said that it failed to come up with a resolution plan and had no choice but file for bankruptcy.
-=2022=
+=2020=
 ===My net worth is zero: Anil Ambani in UK court===
 [https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL%2F2020%2F02%2F08&entity=Ar00508&sk=F848967B&mode=text  Naomi Canton, My net worth is now zero: Anil Ambani in UK court, February 8, 2020: ''The Times of India'']
@@ Line 421: / Line 433: @@
 To which Robert Howe QC, representing Ambani, alongside Harish Salve QC, replied: “No, he has not. They have just recently introduced bankruptcy laws in India. It is unhelpful to give expert evidence at this point as there is Union law and provincial law in India.” The court heard that a change in government policy in 2012 “led to the exit of all major players in the market and a new entry to industry which others found difficult to compete with”. This led to RCom closing down in 2017. Ambani claimed he had a personal deficit of $305 million and that his net worth had collapsed from more than $7 billion in March 2012 to zero in December 2019.
 =2022=