Quite a fall for someone, whose Father, is arguably one of Independent India's greatest wealth creators.
Then This happened.
Reliance Power Rs 350 Rs 1.44
Reliance Communication Rs 804 Rs 0.90
Reliance Naval Whatever Rs 60 Rs 1.48
Reliance Capital Rs 2860 Rs 5.60
Imagine the destruction of wealth he has caused.
And then comes debt.
Our man owes close to 50k crore of debt to all banks. That is Rs 500000000000
Guess who he owes it to? Pretty much every bank in trouble.
Yes Bank : Yes, Only Rs 12,000 Crore
IDBI Bank : Double Yes
3 Chinese Banks : Triple Yes
But that was Ericsson. They got their money
Who will speak for them?
As for Banks and their loans? Chances of Salman Khan becoming the pope are higher
He has left a lot of them, on the street