"The value of my investments has collapsed. The bar is high, though.The lawsuit was filed by Chinese banks which argue that they provided a loan of $925 mn to RCom.The lawsuit was filed by Chinese banks which argue that they provided a loan of $925 mn to RCom.Reliance Capital, on the NSE, closed the counter at Rs 6.6, higher 4.76 per cent.RCom's September quarter numbers marked the second highest loss posted by any Indian corporate till date.Here’s who bought and sold what in some of the key bulk deals of the day.Three banks agreed to loan Ambani’s RCom money in 2012, which he has since defaulted on.Axis Trustee Services further sold 88,27,483 shares of Reliance Capital at Rs 4.50 each.The private sector lender said that it had a combined exposure to three debt-laden companies: Zee, DHFL and Anil Ambani led Reliance of about Rs.2100 crore or 1.1 percent of the loan book.At the AGM, a shareholder threatened to file class action suit against the group companies.Addressing the shareholders at the AGM, chairman Anil Ambani also said the group's defence businesses will also follow an asset- and capital-light model.Anil Ambani's Reliance Group is planning to pay creditors Rs 150 billion more by March.Ambani said his NBFC suffered collateral damage due to a combination of factors.Three Chinese lenders had taken RCom chairman to court for allegedly failing to clear $680m duesJet Airways promoter Naresh Goyal excused himself saying he had to attend to an ailing relative, according to the people, and ADAG chairman Anil Ambani said “prior commitments” prevented him from appearing on Monday.The statement further claimed that "the Zee group has never made any transactions with Rana Kapoor (Yes Bank co-founder and the past MD who is now in ED custody) or his family or for that matter any private entities controlled by them and that "all credit facilities availed were fully secured".Kapoor, the former MD and CEO of Yes Bank, was arrested by the agency on March 8 under provisions of the PMLA (Prevention of Money Laundering Act) as he was allegedly not cooperating in the probe related to the crisis at bank he co- founded after the RBI placed its under a moratorium.Reliance Group along side Subhash Chandra's Essel Group were among the large borrowers that Finance Minister Nirmala Sitharaman had named after Yes Bank's board was superseded by the Reserve Bank of India (RBI) and withdrawal restrictions placed.ADAG further said its entire exposure to YES Bank is fully secured.The S&P BSE Sensex Index has declined 15% since setting a record high in January.The talks for selling Reliance General Insurance ended after Hero FinCorp struggled to raise funds.“RCom in accordance with the stipulations contained in Regulation 30 of the SEBI ....hereby informs ...that resolution professional of RCom has duly filed the resolution plan as approved by the CoC with the... NCLT, Mumbai Bench on March 6, 2020 in accordance with Section 30(6) of the Insolvency and Bankruptcy Code, 2016,” said the company.Any court ruling favouring the banks would deal another blow to the tycoon’s stressed empire.That’s the longest winning streak since the company’s trading debut in 2009.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.Anil Ambani has resigned as director of Reliance Communications, the debt-ridden company said in a filing on Saturday.
Narendrabhai has done good for Gujarat and what will happen if he leads the nation, he said. ADAG chairman Anil Ambani, while addressing the valedictory session of the meet, was effusive in his praise of Mr Modi s leadership. When I learned of it, I went through a mixture of emotions. Axis Bank also raised a question on its guarantees but both these matters will be heard on August 19 by NCLT.The Anil Ambani-led Reliance Group is looking to sell assets to pay off lenders.The National Company Law Tribunal (NCLT) will decide on August 5 if UV Asset Resolution Co Ltd (UVARCL) and Reliance Jio Infocomm (Jio) are the buyers of RCom’s assets .
The 66-year-old actor posted a photograph of himself along with Anil and Tina, whom he has worked with in the 1980 film "Karz".
Anil, Tina Ambani meet Rishi Kapoor in New York. Reliance Group Chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and … The bank is aiming to recover a sizeable amount from the personal guarantees made by Anil Ambani on loans to Reliance Communications, said a bank official.A UK court on Friday directed Reliance Group chairman Anil Ambani to pay nearly USD 717 million to three Chinese banks pursuing the recovery of funds owed to them as part of a loan agreement within 21 days.
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