Mukesh Ambani Bails Out Rcom

Mukesh has bailed his brother out in the past, making a last-minute payment in a case that could have seen Anil imprisoned.

Shares of Anil Ambani's struggling wireless carrier extended this month's heady run-up after his billionaire brother Mukesh agreed to buy the company's spectrum, mobile-phone towers and fiber assets, providing a cash infusion that will be used to help stave off insolvency.

Shares of Anil Ambani-controlled Reliance Communications surged nearly 35 per cent to Rs 41.77 today after the telecom operator signed an agreement to sell its wireless assets to Reliance Jio Infocomm, the telecom arm of elder brother and billionaire Mukesh Ambani's oil conglomerate Reliance Industries. While the two companies did not disclose the ...

Mukesh has bailed his brother out in the past, making a last-minute payment in a case that could have seen Anil imprisoned.

Shares of Anil Ambani's struggling wireless carrier extended this month's heady run-up after his billionaire brother Mukesh agreed to buy the company's spectrum, mobile-phone towers and fiber assets, providing a cash infusion that will be used to help stave off insolvency.

Shares of Anil Ambani-controlled Reliance Communications surged nearly 35 per cent to Rs 41.77 today after the telecom operator signed an agreement to sell its wireless assets to Reliance Jio Infocomm, the telecom arm of elder brother and billionaire Mukesh Ambani's oil conglomerate Reliance Industries. While the two companies did not disclose the ...