Come back of Mr.ANIL AMBANI?
The story of the Ambani family is a rollcoster ride.
The ride started from a small Yarn trader to building the biggest business house in the country, Still continuing…..
Now, coming to the second part of the story beings with the two brothers dividing their father's legacy. While the elder brother climbed up the Global Billionaires list, the younger one found himself in the bankruptcy courts. On a clear note, in the last few years, the companies owned by Mr. Anil Ambani reached the end-stage. The companies are facing huge allegations of Fraud
Now the question is will Anil Ambani can again prove himself as Ambani ?
However in spite of allegations about Anil's companies, Two of his companies are on the way to set back, only hope for Anil Ambani is to give a powerful comeback
Recently, Anil Ambani and his family have increased their stake in these two companies named Reliance Power and Reliance Infrastructure . The family has infused a few hundred crores of capital into these two companies
The stake in Reliance power has increased from 9 % to 24%
The stake in Reliance Infrastructure was increased from 4.98% to 23%
Reliance infrastructure is trying to reduce its loan. It has sold some of its assets and subsidiaries to raise a few thousand crore rupees. The amount raised was used to pay off debts, that action directly reduces the amount in Interest and loan book, Some predictions say Company starts making profits by 2023. It has also won a case against the Delhi metro. The court ordered DMRC to pay Rs 7100cr to Reliance Infra.
Coming to some positive stats, In the Financial Year 2021, Reliance infra recorded revenue of Rs 16,700 cr & loss of 532 cr. The company paid Rs 2700 cr in interest expenditure in the same financial year. Reliance Infrastructure reduced its debt to nearly Rs 7500 cr. The company still has 60,000 cr in the name of assets
It clearly shows the Strategy for Debt Free. The share price has gone up 4 times from Rs28 to Rs 96 in just one year
Hoping the comeback Mr.Anil AMbani again to the position of Ambani
