Anil Ambani's Business Revival: From Debt to Rising Share Prices
Anil Ambani's Remarkable Financial Turnaround
Once deeply rooted in debt, Anil Ambani’s companies are now experiencing a revival. With regained trust, the company has started receiving new orders. After nearly six years, Anil Ambani’s companies are bouncing back with their stock prices gaining momentum. On one hand, the debt burden on his companies is decreasing, and new subsidiaries are being launched.
Turning Point in Anil Ambani’s Life
Two of Anil Ambani’s companies, Reliance Power and Reliance Infrastructure, are making headlines. Their shares have surged largely after positive news, boosting investor confidence. For the first time since 2018, Reliance Infra’s shares have shot up by 60%, reaching ₹336.20, while Reliance Power’s shares have also seen significant gains. Recently, Reliance Infra received approval to raise ₹2930 crore through FCCBs.
- Reliance Infra’s success with a ₹780 crore deal related to the Damodar Valley Corporation has played a crucial role.
- Additionally, the company’s debt has shrunk by 80% from ₹3831 crore to just ₹451 crore.
- Reliance Power’s stock has regained strength, securing a significant order for a 500 MW battery storage system.
Mastermind Behind Anil Ambani
Recently, Anil Ambani launched a new subsidiary, Reliance Jai Properties Pvt Ltd (RJPPL). This addition signifies a pivotal role in Anil Ambani’s fortunes. His sons, Jai Anmol Ambani and Jai Anshul Ambani, have also entered the business landscape, shifting things in the right direction for the family’s empire.
Jai Anmol Ambani’s Key Role in Transformation
Jai Anmol Ambani began managing the family business at the age of 18. He joined Reliance Mutual Fund, and by 2017, he was the Executive Director of Reliance Capital. His contributions led to significant ventures like Reliance Life Insurance and Reliance Capital Asset Management.
With a personal net worth of ₹2000 crore, Jai Anmol Ambani reflects the success of turning the business around. His entry into the business domain is a major force behind the recovery of the companies that once seemed overwhelmed by debt.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.