The billionaire Mukesh Ambani-led company aims to raise up to 200 billion rupees ($2.40 billion) via 10-year bonds on Thursday, its first such fundraise since May 2020.
Reliance Industries is India's largest company by market value, and its business interests range from petrochemicals refining to wireless communication services and consumer goods
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Mumbai Police investigating the threat e-mails received by RIL chairman Mukesh Ambani wherein the senders had gradually raised the demand for money to Rs 400 crore nabbed two youths from Telangana and Gujarat on Saturday, an official said. At least three e-mails were sent to the official e-mail ID of Ambani's company in the last eight days threatening to eliminate him if he fails to pay up. One of the two youths, identified as Ganesh Ramesh Vanrapathi (19) was picked up by the Mumbai Police's crime branch from Warangal in Telangana and another person, identified as Shadab Khan (21), was held from Gujarat, the official said. Prima facie, Vanrapathi and Khan were using two different email IDs to send the threatening communications. An e-mail was received by Ambani's office on October 27 in which the sender demanded Rs 20 crore stating, If you (Ambani) do not give us Rs 20 crore, we will kill you, we have the best shooters in India. Another e-mail was received the next day seeking Rs
As per police, two threatening emails were received between October 31 and November and the sender introduced himself as Shadab Khan
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The transaction, if it concludes, would be the biggest rupee sale ever for Reliance, Bloomberg-compiled data show. It would also be the conglomerate's first domestic bond since 2020
Founder and chairperson of Reliance Foundation Nita Ambani on Tuesday arrived at the grand launch of Jio World Plaza in Mumbai.Expressing her excitement at the event, Nita Ambani said, "Jio World Plaza is not only going to be the best mall in India but I hope it will become the best mall in the world. Definitely, we are really looking forward to it...Today is an ode to all the Indian designers and our arts & artisans also."According to a press release by Reliance Jio, located strategically in the bustling Bandra-Kurla Complex (BKC) at the heart of Mumbai, Jio World Plaza opened its doors to the public on November 1.The Plaza seamlessly integrates with the Nita Mukesh Ambani Cultural Centre, the Jio World Convention Centre, and the Jio World Garden, making it an all-encompassing destination for visitors.Talking about the Jio World Plaza at the grand event, Isha Ambani, Director of Reliance Industries Limited said, "I am very excited to open the next step of our Jio World Centre -
Reliance Industries Chairman Mukesh Ambani has received a threat email from an unidentified person seeking Rs 400 crore, police said on Tuesday. Ambani's company received the email on Monday. It is the third threat email sent to Ambani in four days, an official said. Earlier, an FIR was registered at Gamdevi police station here based on a complaint filed by the industrialist's security in-charge after the first email, seeking Rs 20 crore, was received from an unidentified person on Friday. On Saturday, the company received another email demanding Rs 200 crore. The company received the third email on Monday, in which the sender doubled the demand, the official said. The Mumbai police, their crime branch and cyber teams are working to trace the sender of the email, he added. Last year, the Mumbai police arrested a man from Bihar's Darbhanga for making death threat calls to Ambani and his family members. The accused had also threatened to blow up the Sir H N Reliance Foundation Hos
EBITDA increased by 30.2 per cent YoY to Rs 44,867 crore, on account of strong net subscriber addition and sharp increase in data traffic supported 80 bps margin improvements in Jio Platforms (JPL).
"Another email came from the same email account in which it was written 'U have not responded to our email now the amount is 200 crore otherwise the death warrant is signed'," police said
"The email that Ambani received said that he will be shot if he failed to pay Rs 20 crore," he said
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At least two proxy advisory firms had recommended investors vote against Anant Ambani's appointment
In August, Mukesh Ambani began executing a succession plan for his energy-to-technology conglomerate, appointing his three children to the board of Reliance Industries Ltd
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The promoter holding in the Mukesh Ambani-led firm stood at 46.77 per cent, up 97 basis points from 45.8 per cent at the time of listing in August
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"A vote against this resolution is warranted as Anant Ambani's limited leadership/board experience of around six years, raises concerns on his potential contribution to the board," ISS said
RIL's refining segment gains are expected to be partially offset by a slump in petrochemical margins and planned shutdowns at the refining facilities