Reliance Communications Limited (RCOM) has rejected the resignations tendered by Anil Dhirubhai Ambani and four other directors, instructing them to continue holding their posts till the insolvency resolution process of RCOM is completed.
Search Results For: anil ambani
Billionaire industrialist Anil Ambani on Saturday resigned as Director of Reliance Communications as the bankrupt telecom operator nears sale of its assets under an insolvency process.
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has admitted Reliance Marine, a subsidiary of the Anil Ambani-led Reliance Naval and Engineering, under the insolvency and bankruptcy code (IBC) proceedings almost two years after the application was first filed, as per ET reports.
Lenders led by IDBI Bank have turned down a resolution plan proposed by Reliance Naval & Engineering, which has not been servicing its more than Rs 9,000 crore of debt for several months now.
To raise funds to pay off debts, Reliance Group is looking to lease out its headquarters based in prime suburbs of Mumbai.
RNAM’s stake sale, monetisation of other assets to cut Reliance Capital’s debt by 70 pc The second offer for sale (OFS) announced by Reliance Capital to sell its 2.86 per cent shareholding in Reliance Nippon Life Asset Management (RNAM) has…
Reliance Group Chairman Anil Ambani on Tuesday said that the Group has cleared debt amounting to a staggering Rs 35,000 crore in the last 14 months.
Reliance group chairman Anil Ambani talked about the full-blown crisis faced by Reliance Capital. He thinks the contagion and cascading effects on the economy are clearly visible.
While addressing Jan Bhawna Rally in Bihar’s Purnia, Congress President Rahul Gandhi said, Earlier he used to say make me Prime Minister, whatever you want you will get it, and now he says we are Chowkidars, entire nation is Chowkidar.…
Headlines are screaming Anil Ambani Faces Jail Due To Non-Payment Of Dues. Will Mukesh Ambani again feature in Anil Ambani’s story — this time to ‘bail’ him out? DKODING Newsline: Feb 21, 2019 For an average Indian, Reliance Communication filing…