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In March 2022, Anil Ambani stepped down from the boards of Reliance Infrastructure and Reliance Power. In August 2024, SEBI banned Anil Ambani from the securities market for five years on charges of diversion of funds.
Once the world's sixth-richest billionaire, Anil Ambani declared himself a pauper to Chinese banks in 2020.
Anil Ambani is the youngest son of the founder of Reliance Industries, Dhirubhai Ambani and his wife Kokilaben Ambani. Ambani has said that his father would lead the brothers on "incentive-oriented outings" where they would be rewarded with a box of mangoes for a 10-km (6 mile) hike, but also punished them for acting out in front of guests. [9]
In February 2019, the Supreme Court has held Anil Ambani and three others guilty of contempt of court and directed them to make payments by 19 March. In the meantime, Mukesh Ambani , the elder brother of Anil helped him with a bailout of ₹ 4.63 billion (equivalent to ₹ 5.8 billion or US$66 million in 2023) which he paid just a day before ...
Ambani, 66, is chairman and managing director of Reliance Industries, a Mumbai-based conglomerate with business in everything from retail, natural gas, and petrochemicals to telecommunications ...
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The Ambani family holds around 45% of the shares in RIL. [127] Since its inception, the company was managed by its founder and chairman Dhirubhai Ambani. After suffering a stroke in 1986, he handed over the daily operations of the company to his sons Mukesh Ambani and Anil Ambani. After the death of Dhirubhai Ambani in 2002, the management of ...
Mukesh Ambani holds a 50.4% stake in the company. [70] This move kept his salary capped at ₹150 million for the fourth year in a row. [71] In early 2019, a court in Mumbai held his younger brother, Anil Ambani, in criminal contempt for non-payment of personally guaranteed debt Reliance Communications owed to Swedish gearmaker Ericsson ...