Mumbai: The downfall of Anil Ambani, younger brother of Asian tycoon and Reliance Industries chairman Mukesh Ambani, has been rated as one of the world’s biggest financial collapses. The story of Anil Ambani, who had assets of over Rs 1.83 lakh crore and had to file a paper petition against the world’s richest man, was unparalleled.His elder brother Mukesh Ambani has become the 11th richest man in the world.
Once upon a time, the younger brother was better than the elder brother. Anil Ambani was able to reach the 6th position in the global billionaires list. But later it was seen that Anil Ambani’s empire, which lost its rhythm somewhere, was sinking into debt. Things came to a head in 2020 when he filed for bankruptcy in a UK court.Anil Ambani’s Reliance Capital was in huge debt.
Thousands who had invested in this were worried. Finally, with the acquisition of Hinduja Group, the investors were relieved. But the delay in these steps has raised concerns. But now the Hinduja Group has paid the first installment of Rs 2,750 crore.With this, it is certain that the resolution plan will be completed. Hinduja Group firm Indusind International Holdings has acquired Reliance Capital for Rs 9,650 crore.
