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Anil Dhirubhai Ambani Group News

12 Jul 2023

Challenging Time For Ambanis, A Billionaire Group Set To Buy Reliance Capital

Hinduja Group submitted a massive bid of Rs. 9661 crore in the auction. Not only that, but according to a rumor, Hinduja Group will also take over Reliance Capital's substantial cash balance of roughly Rs. 500 crore. Reliance Industries, owned by Anil Ambani, recently experienced a decline, which is regrettable given how dominant the business was just a few years ago.

20 Jun 2023

'Ek Tha Billionaire': Amitabh Bachchan's Friend Was Richer Than Mukesh Ambani

Anil Ambani received numerous business honors, and his total wealth surpassed Rs. 4 lakh crore in 2007. Reliance Communications served as the catalyst for this fame and wealth. He made history in 2008 by securing a full subscription for the Reliance Power IPO in less than 60 seconds.

11 Sep 2015

2G case: STPL was front company of Reliance ADAG, says CBI

CBI Friday claimed in a special 2G court that Swan Telecom Pvt Ltd (STPL) was a "front company" of Reliance Anil Dhirubhai Ambani Group (ADAG) which infused Rs 28.29 crore to increase its net worth for bagging radio waves for Jammu and Kashmir telecom circle in 2007.

14 Jul 2015

Reliance ADAG infused crores in Swan Telecom, claims CBI

Presenting the final arguments for CBI, special public prosecutor Anand Grover said huge amount of money was transferred from Reliance ADAG to STPL through a "circuitous route" to conceal its "true ownership" and it was done to fulfil the net worth criteria of the applicant firm to bag the 2G licences.

Reliance Telecom

20 Apr 2015

SC reserves verdict on licence extension plea of Reliance Telecom

The Supreme Court Monday reserved its verdict on a plea of Reliance Telecom, a subsidiary of Anil Dhirubhai Ambani group, seeking extension of its licences in seven circles by 10 years.

Reliance Infrastructure

12 Nov 2014

Reliance Infra reports marginal rise in net profit

Reliance Infrastructure, a part of the Anil Dhirubhai Ambani Group, has reported a marginal increase in net profit for the second quarter of this fiscal, but indicated this could have been higher but for the loss on account of the Metro rail project here.

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