Another company out of Anil Ambani's hands, become the new owner of reliance Capital
Once upon a time, Anil Ambani's name was also included among the richest people in the world. But anil ambani was so burdened with debt that all the companies went out of his hands one after the other. Now another company has gone out of their hands.
Anil Ambani, who was once among the sixth richest people in the world, is today so burdened with debt that one company after another is slipping out of his hands. The company from which he earned huge profits, made him the sixth richest man in the world, increased his prestige in the stock market, now that company is also going to go out of his hands. Ambani's company reliance capital has now reached the hands of Hinduja Group.
Another company out of control
IRDAI has given the green signal for the sale of Anil Ambani's company reliance Capital. reliance capital, which was going through the insolvency process, has been bought by Hinduja Group's IIHL with a bid of Rs 9650 crore. The acquisition process will be completed by May 26. Anil Ambani's company reliance capital, which was once the pride of the stock market, is now going to pass out of his hands and into the hands of the Hinduja Group.
Hinduja Group becomes the new owner of the company
Reliance capital has been bought by Hinduja Group's IndusInd international Holdings Limited (IIHL). Presently the command of this company is handled by ashok P Hinduja. According to Forbes, the total net worth of Hinduja family is 20 billion dollars. Let us tell you that in the year 2008, the share price of reliance capital had reached Rs 2700. However, the debt burden on the company was continuously increasing. Suddenly the debt started increasing and the shares started falling. At one time the company's shares had fallen by 99 percent. On its last trading day on 26 February, shares of reliance capital had reached Rs 11.90. After this, RBI dissolved the board of the company in 2011.
click and follow Indiaherald WhatsApp channel