Tag: Ambani

Mukesh Ambani, wife, children marginally raise shares in Reliance Industries

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Billionaire Mukesh Ambani, his wife, and three children have marginally raised their personal shareholding in Reliance Industries Ltd (RIL) by acquiring some shares of another promoter group entity. Overall, the promoter group shareholding in the oil-to-telecom conglomerate remains unchanged at 47.45 percent, the company said in a regulatory filing.Devarshi Commercials LLP, a promoter group company,…

Anil Ambani tells UK court his ‘net worth is zero’ despite fleet of cars, private jet and yacht

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LONDON: Former billionaire Anil Ambani, once the sixth richest man in the world, declared to a UK court on Friday his “net worth was zero” and that he was bankrupt. Three Chinese banks — Industrial and Commercial Bank of China Ltd (ICBC), China Development Bank and the Export-Import Bank of China — are suing Ambani…