Anil Ambani meets CBI officials in telecom probe
Posted by admin on Feb 16, 2011 | Leave a Comment
Billionaire Anil Ambani, who controls India’s No. 2 mobile carrier Reliance Comm, on Wednesday met with Central Bureau of Investigation (CBI) officials over a probe into a widening corruption scandal, which has already battered the government.
The 51-year-old tycoon is the latest and highest-profile executive known to have met with CBI officials this week over a probe into whether mobile phone licences and...
CBI quizzes RCom officials
Posted by admin on Feb 13, 2011 | Leave a Comment
The Central Bureau of Investigation (CBI), probing the multi-crore 2G spectrum scam, is questioning officials of Reliance Communications after alleged links between the company and Shahid Balwa’s Swan Telecom emerged.
Balwa, in his letter to the CBI, has acknowledged that Reliance Communications helped him set up the business. He said it was done with the help of lawyer Anand Bhatt, who died in Mumbai 26/11 attack....
Anil Ambani group identifies rogue brokers, seeks Sebi action
Posted by admin on Feb 11, 2011 | Leave a Comment
The Anil Ambani group today said it has identified the stockbrokers behind the spread of malicious rumours and “baseless sensational charges” against it and sought immediate action by Sebi against the perpetrators.
The group said these brokers were sending out mass emails and SMSs and were also making large-scale voice calls with baseless and sensational charges against its firms.
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Reliance ADAG says it is a victim of ‘bear cartel’
Posted by admin on Feb 10, 2011 | Leave a Comment
Hit by a massive sell-off in stocks of various group companies, Reliance Anil Dhirubhai Ambani Group today said it is a victim of a bear cartel that has caused a market value loss of over Rs 3 lakh crore across the infrastructure sector in the past two weeks.
A day after the group’s stocks fell by up to 19 per cent, ADAG Group Managing Director Gautam Doshi said that the group has written...
Anil Ambani gets e-mailed death threat
Posted by admin on Jan 22, 2011 | Leave a Comment
A 17-year-old boy has been arrested for posing as a Pakistani national and sending threatening email to industrialist Anil Ambani, police said here.
Rajesh Kumar Agarwal, a student from Dhanbad district of Jharkand, was arrested from his home and is being brought to Mumbai, additional commissioner of police (crime) Deven Bharti said.
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Anil Ambani barred from market investment till Dec 2011
Posted by admin on Jan 14, 2011 | Leave a Comment
Market regulator Sebi on Friday barred Anil Ambani-led Reliance Infra and RNRL from investing in secondary market till 2012, besides imposing a charge of Rs 50 crore for settling a probe into alleged unfair market dealings by the two firms.
The top officials of the two companies, including Chairman Anil Ambani, have also been barred from investing in secondary market till December 2011.
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RPower, RNRL swap ratio fixed at 1:4
Posted by admin on Nov 14, 2010 | Leave a Comment
Anil Ambani-led Reliance Power today said four shares of Reliance Natural Resources Ltd (RNRL) will be converted into one share of RPower as part of merger between the two group companies.
RNRL shareholders will get one RPower share, with face value of Rs 10, in exchange for four shares of RNRL of face value of Rs five each, the company said in a statement.
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ADAG increases stake in Fame India to 15.77 pc
Posted by vivek on Jul 07, 2010 | Leave a Comment
Anil Ambani group company Reliance MediaWorks on Wednesday said it along with two other group firms has further purchased 0.05 per cent stake in Fame India, hiking their combined stake in the multiplex chain to 15.77 per cent.
Three Anil Ambani Group (ADAG) companies — Reliance MediaWorks, Reliance Capital and Reliance Capital Partners –have acquired 16,196 shares, or 0.05 per cent stake, of Fame India...
RNRL to merge with Rel Power
Posted by vivek on Jul 04, 2010 | Leave a Comment
In a mega Rs 50,000-crore deal, Anil Ambani group announced merger of RNRL with another group firm Reliance Power, which would now become a direct beneficiary of the gas deal signed with Mukesh Ambani- led Reliance Industries.
As part of the all-stock deal, Reliance Power will give one of its shares for every four held in RNRL.
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Rel Power, RNRL merger on the cards
Posted by vivek on Jul 02, 2010 | Leave a Comment
Reliance Power and sister firm Reliance Natural Resources will consider a merger on Sunday, continuing a spree of activity in companies controlled by billionaire Anil Ambani since the end of a high-profile gas supply dispute with his brother.
Shares in Reliance Power, valued at $8.75 billion, closed up 3.3 per cent, while Reliance Natural shares, with a market capitalisation of $2.3 billion, ended down 1.9 per cent...
