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’Ambani’s $2.6bn worth of negative publicity
It’s more diabolical than any dark scenario of a Bollywood plot. As India’s stock market investors watched in disbelief, Anil Ambani saw a whopping $2.6bn wiped off the value of his Reliance ADAG group of six publicly-traded companies in a single day on Wednesday.
Anil Ambani goes hostile
Anil Ambani, the billionaire owner of India’s Reliance ADAG, has sparked a bidding war for Fame India, a film distributor in a country where hostile takeovers are rare.
Reliance MediaWorks has offered to buy 62 per cent of Fame,
India probes UBS accounts
A near-record fine imposed on UBS, the Swiss bank, by UK regulators is part of an unfolding investigation into the past management of Indian private banking accounts, including two linked to the tycoon Anil Ambani,
MTN could quit Reliance talks
South Africa’s MTN is considering walking away from a tie-up with Reliance Communications of India because of fears an acrimonious spat between the Indian telecom operator’s owner and his brother could leave the deal open to legal action.
Ambani eyes majority MTN stake
A consortium led by Indian billionaire Anil Ambani is considering taking a majority stake in South African mobile operator MTN to help stave off a potential legal challenge from his elder brother, Mukesh Ambani,
DreamWorks in talks with Reliance
Steven Spielberg and the founders of the DreamWorks studio are in talks with India’s Reliance Big Entertainment about financing their new film venture, in a move that will see DreamWorks end its three-year association with Paramount Pictures,
Ambani aims to keep Reliance stake
Anil Ambani, the Indian businessman, hopes to remain a major shareholder in both Reliance Communications, his mobile phone operator, and South Africa’s MTN after the pair combine in a reverse takeover,
Reliance eyes private equity tie-up
Anil Ambani, the billionaire Indian industrialist, is considering linking up with private equity groups on his bid to gain a powerful foothold in South African mobile operator MTN. Private equity groups have expressed interest in supporting Ambani’s plan to swap all or most of his majority stake in his Indian company,
Ambani seeks control of MTN
A possible merger of Reliance Communications of India and South Africa’s MTN could see Anil Ambani become the enlarged group’s chairman and biggest shareholder with a stake of almost 35% in what would be one of the world’s largest telcos.
Ambani’s MTN control trick
Indian billionaire Anil Ambani is ready to pay a “significant premium” to win effective boardroom control of MTN in the complex merger plan currently being negotiated by the South African mobile telecom group and Mr Ambani’s Reliance Communications,
India’s Reliance Power crashes on day one
Trading in Reliance Power, India’s biggest stockmarket listing, kicked off on Monday in what was widely seen as a vital test of sentiment in the sub-Continent. The $3bn float, completed at the peak of India’s four-year bull run in mid-January,
Reliance riches boost Ambani
Record investor response to the planned float of Reliance Power in India has propelled Anil Ambani, the company’s controlling shareholder, ahead of his brother Mukesh Ambani, as well as steel tycoon Lakshmi Mittal to become the richest Indian in business.