Tag Archives: Ambanis

Mukesh Ambani’s Net Worth Drops To $48 Billion In 2 Months Amid Coronavirus Crisis

Mukesh Ambani

Mukesh Ambani is the second biggest wealth loser globally, after LVMH’s Bernard Arnault. Mumbai: The net worth of India’s richest man Mukesh Ambani dropped 28 per cent or $300 million a day for two months to $48 billion as on March 31 due to the massive correction in stock markets, …

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Mukesh Ambani’s Plan To Make Reliance Debt-Free By 2021 Hits Bumps

Mukesh Ambani?s Plan To Make Reliance Debt-Free By 2021 Hits Bumps

Reliance Industries is also facing unfriendly tax proposals that could hit its businesses. Six months after Mukesh Ambani laid out a road map to make Reliance Industries free of net debt by early 2021, his plan has hit a few bumps thanks to the government. Prime Minister Narendra Modi’s administration has …

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Mukesh Ambani’s Reliance Industries (RIL), Saudi Aramco Accelerate Stake Sale Talks, Says Report

Mukesh Ambani

Billionaire Mukesh Ambani-led Reliance Industries’ debt stood at $43 billion at the end of December Reliance Industries Ltd.’s talks to sell a minority stake in its oil-to-chemical division to Saudi Aramco have been gathering pace in recent weeks, according to people familiar with the matter. Aramco officials and bankers on …

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