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Anil Ambani ends talks with Hero FinCorp on insurer sale

Tuesday, September 10, 2019, 7:54 AM

Reliance Capital Ltd. has called off a sale of its general insurance unit to Hero Fincorp, forcing embattled Indian tycoon Anil Ambani to look for options as he seeks to reduce debt, people familiar with the matter said. Ambani's group is looking for alternatives for the insurance asset including reaching out to other potential buyers, the people said.
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Anil Ambani seeks to sell or lease out Mumbai HQ

Monday, July 1, 2019, 8:19 PM

Businessman Anil Ambani is in talks with a group of global private-equity-firms including Blackstone and another US-based fund to either sell his headquarters in the financial-capital or give it on long-term lease, said three-people familiar with the development. However, the site is also caught-up in a legal-tangle, they said. Ambani plans to move back to his Ballard Estate office in south Mumbai, they said.
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Chinese Banks Demand $2.1 Billion From Embattled Anil Ambani's Firm

Tuesday, June 18, 2019, 9:49 AM

Chinese lenders, including China Development Bank, Industrial and Commercial Bank of China and Exim Bank of China, have demanded at least $2.1 billion from embattled tycoon Anil Ambani's Reliance Communications Ltd., that slid into bankruptcy earlier this year. State-owned China Development Bank, with loans worth Rs.9,860 crore ($1.4 billion) was the biggest creditor to the indebted telecom company, according to the source.

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