Anil Ambani by virtue of his flamboyant and adventurous behavior is losing money in market as his share value is decreasing constantly.
He along with 3 executives are among more than a dozen people charged in a CBI probe into a multi-billion dollar telecom scandal involving the alleged sale of lucrative telecoms licenses at below-market prices. He has been also questioned by CBI in the scam.
Anil Ambani Tower Business
Reliance Communications tower business has become its Achilles heel as he is trying to get rid of it to raise money to get rid of his debt. A deal to combine the business with GTL Infrastructure collapsed in 2010. Now probably its in talks with U.S. buyout giants Carlyle Group and Blackstone Group on a tower deal that could be worth more than $3 billion; however it needs to be seen if this deal will see the light of the day.
Anil Ambani is trying to hoodwink the shareholders as he told shareholders that he was in an "advanced stage" of negotiations with a number of consortiums and said he was confident the firm would be able to "move forward expeditiously" on a deal. He is also looking to secure a leasing agreement from his brother's Reliance Industries for the towers before pressing forward with a sale, the sources have said.
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