Discover and read the best of Twitter Threads about #AnilAmbani

Most recents (7)

#MukeshAmbani steps down as director of #RelianceJio, Akash Ambani appointed chairman

businessinsider.in/business/corpo…

By @jainrounak Image
#MukeshAmbani has resigned as the director of #RelianceJio effective June 27, and appointed his eldest son #AkashAmbani as the chairman of the board. The elevation of the Brown university-graduate has been speculated for a long time. Image
Akash has been a part of multiple announcements associated with the company like the launch of #RelianceJio in 2016. The 30-year-old is known to have played a pivotal role in the important deal between the telco and tech major Facebook.

#MukeshAmbani
businessinsider.in/business/news/…
Read 7 tweets
SEBI imposes Rs 25 crore penalty on Mukesh, Anil Ambani and ors for violation of Takeover Regulations

[READ ORDER]

#MukeshAmbani #SEBI #Ambani
barandbench.com/news/litigatio…
The cases goes back to 2000 and concerns alleged irregularities relating to the issue of 12 crore equity shares in January 2000 by Reliance Industries Limited (RIL) at a price of Rs. 75 per share to 38 allottee entities.
As per Regulation 11(1) of Takeover Regulations, RIL was obligated not to make additional acquisition of more than 5% of voting rights in any financial year unless it made a public announcement to acquire shares.
Read 7 tweets
Three #AnilAmbani companies have reportedly been accused of fraud by banks⁠ — the amount at stake is nearly ten times more than what #Mallya owed

businessinsider.in/business/corpo…

By @pabsgill
In the midst of Reliance Communications’ bankruptcy resolution process, three Indian banks — the State Bank of India (SBI), Union Bank of India (UBI) and the Indian Overseas Bank (IOB) — are classifying the company’s accounts and the accounts of its units as fraudulent.
Sources told the Economic Times that the three banks, which includes India’s largest lender, are looking to launch a deeper probe into the transactions...
Read 10 tweets
.@RahulGandhi&mainstream media kept spewing lies about how #AnilAmbani was favoured,in #Rafale deal,but today when PSB #SBI has dragged Anil's #RComm,to #NCLT in a 1200Cr loan default, @INCIndia&its media cronies are quiet--This should have been mainstream news

#RCommBankruptcy
Loans of Rs 565Cr&635Cr were given to #RComm&RTIL in Aug 2016 by SBI

In Sep2016,#AnilAmbani provided personal guarantee for availing credit facility

In 2017,accounts of #RComm &RITL were held to be in default, since Aug2016.

In Jan2018,#SBI invoked guarantee issued by Anil
"Sec 60(2) of #IBC provides for proceedings against personal guarantors,running parallel to #CIRP;False to assume,no action can be taken against guarantors until #ResolutionPlan is accepted,"said NCLT

Clearly,IBC,by @narendramodi gov is a powerful tool to nail wilful defaulters
Read 3 tweets
The PIPAVAV yard with four Shachi class OPVs lying incomplete .
A visual reminder of how #anilambani mishandled the best equipped shipyard in #India into oblivion.
Those are 600T Gantry cranes , just a little smaller than the 700T Gantries used by #China at Hudong.
The Giant ABG yard at Surat , 2nd of three major private sector shipyards on sale as on date.
Smallest of the three ,the Bharati Defence yard at Ratnagiri .
Private shipbuilding in India is now pretty much limited to @larsentoubro alone .
Read 4 tweets
Read 934 tweets
The @IAF_MCC will need to retire 11 MIG sqdns by 2030 or around 198 jets , another 200 jets retire ~2035. We need to replace 400jets to maintain current lvls by 2035. For 42 sqdns add 200 jets . @RahulGandhi pls can you tell us how you'll cover that with @HALHQBLR 1/n #Rafale
The NDA plan is to have @HALHQBLR build at least 250 #LCA variants in three lines ( two lines funded by #Modi ) with each line building 8jets/annum starting 2020.
Another 350 #aircraft will have to come from 1-2 other privately owned firms or be imported. 2/n
If we kill private #military #aircraft #manufacturing today we will have to import ~300 jets in the next 10-15 yrs which will cost #India anything between 45-60$bn . Each 1$bn invested creates at least 6000 jobs today , this import alone will cost us 360,000 jobs 3/n
Read 7 tweets

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