Wednesday, June 19, 2019

Anil Ambani may be out of billionaire club

Ambani holds less than 75% stake in each of the six companies in his group — Reliance Infrastructure, Reliance Naval & Engineering, Reliance Power, Reliance Capital, Reliance Home Finance and the now-defunct Reliance Communications. Going by the market value of listed companies in his group, the younger of the two famous Ambani brothers would be worth much less than the billion-dollar mark.
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