Anil Ambani

Government To Refund Rs 104 Crore To RCom After Top Court Rejects Request

Business | Reported by Ashish Kumar Bhargava, Edited by Sandeep Singh (with inputs from agencies) | Tuesday January 7, 2020

The Department of Telecom has already adjusted Rs 30.33 crore.

The Year Indian Tycoons Faced Bankruptcies, Jail And Worse

Business | PR Sanjai and Bhuma Shrivastava, Bloomberg | Thursday January 2, 2020

Indian banks wrote off a record $39 billion of loans in the 18 months through September in a bid to repair their balance sheets as they battled the world's worst bad debt pile.

Opinion: $680 Million Question of What Anil Ambani Knew

Business | Andy Mukherjee | Bloomberg | Wednesday December 18, 2019

The $680 million is the amount Industrial & Commercial Bank of China Ltd. is seeking to recover from the former Indian billionaire by invoking what they say is a personal guarantee he gave in 2012 to secure a $925 million loan for Reliance Communications Ltd., his mobile services firm that's now in bankruptcy.

Anil Ambani's Loan Testimony "Implausible, Highly Unlikely": London Judge

Business | Jonathan Browning, Bloomberg | Tuesday December 17, 2019

Judge David Waksman on Monday also said there is "a plain case" to issue an order against Anil Ambani after the banks asked for him to deposit funds.

Anil Ambani's Bankrupt Reliance Naval Up 600% In Record Winning Streak

Business | Ronojoy Mazumdar and PR Sanjai,Ronojoy Mazumdar and PR Sanjai, Bloomberg | Tuesday November 26, 2019

The revival of the shipyard is crucial for Anil Ambani, who is betting on cash flows from government defense contracts as Prime Minister Narendra Modi plans to spend billions of dollars on national security. Brokers say the stock's parabolic advance is likely driven by speculators, rather than by a change in the company's fortunes.

Anil Ambani's Resignation Rejected By Reliance Communications Lenders

Business | ANI | Monday November 25, 2019

According to a letter by RCom on Sunday, the decision was taken in a meeting of the Committee of Creditors of Reliance Communications Limited held on November 20.

Anil Ambani, 4 Others Resign From Bankrupt Reliance Communications

Business | Asian News International | Saturday November 16, 2019

Reliance Communications is under the corporate insolvency resolution process under provisions of the Insolvency and Bankruptcy Code 2016.

Anil Ambani Says Group Will Pay Another $2.1 Billion Debt By March

Business | PR Sanjai and Rahul Satija | Monday September 30, 2019

Anil Ambani, 60, is struggling to save the remnants of his telecommunications-to-infrastructure empire from collapse. In June, Reliance Group said it repaid Rs 35,000 crore in the previous 14 months through asset disposals, excluding Reliance Communications.

Reliance Capital Repays Debt Of Rs 72.65 Crore; Shares Hit New Record Low

Business | Written by Abhishek Vasudev | Monday September 30, 2019

Reliance Capital shares have so far this year nosedived 89 per cent compared with nearly 7 per cent gain in the Sensex.

Countdown For Subhash Chandra, Anil Ambani Firms As Debts Threaten Stocks

Business | Ronojoy Mazumdar, Bloomberg | Tuesday September 24, 2019

Essel Group's Subhash Chandra is seeking to sell assets ranging from a stake in the nation's most valuable publicly traded TV network to roads.

Unit Of Anil Ambani's Reliance Communications Files For Bankruptcy

Business | Denise Wee, Bloomberg | Monday September 16, 2019

Anil Ambani has been waging a war on debt, and Reliance Group has said that it planned to raise about Rs 21,700 crore by selling assets from roads to radio stations in a bid to cut borrowings.

Anil Ambani-Led Reliance Home Finance Debt Instruments Downgraded By CARE

Business | ANI | Saturday September 14, 2019

Reliance Home Finance has been directed by lenders led by the lead bank to keep servicing only the interest obligation across all lenders.

Anil Ambani's Shipyard Risks Insolvency As Banks Spurn Debt Plan

Business | Suvashree Ghosh and P R Sanjai | Tuesday September 3, 2019

Any court ruling favoring the banks would deal another blow to the tycoon's stressed empire after his wireless carrier slipped into insolvency earlier this year.

Anil Ambani Plans Rs 21,700-Crore Asset Sales To Cut Massive Debt: Report

Business | Anurag Joshi, PR Sanjai and Bhuma Shrivastava, Bloomberg | Thursday July 11, 2019

Reliance Infrastructureis seeking Rs 9,000 crorefrom the sale of nine road projects

Anil Ambani's Reliance Group To Lease Out Company Headquarters To Cut Debt

Business | Thomson Reuters | Monday July 1, 2019

Reliance will continue to own the premises and proceeds from the leasing deal will go only for debt reduction, the company said