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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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Anil Ambani To Withdraw Defamation Suits Against Congress, National Herald

Wednesday, May 22, 2019, 7:41 AM

Anil Ambani's Reliance Group said it has decided to withdraw the Rs.5,000-crore civil-defamation suits filed against Congress-leaders and National-Herald newspaper, saying it believes their statements and article on Rafale-fighter-jet-deal were made for political purposes in the run-up to the general election. The suits were filed in an Ahmedabad court and were being heard in the court of city civil and sessions judge PJ Tamakuwala.

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