2024-10-04 16:06:02
New Delhi: Good days have started coming for Anil Ambani. He has cleared the debt of his flagship company Reliance Power. At the same time, the debt of his other company Reliance Infrastructure is also decreasing rapidly. Shares of both the companies have increased in the last one month. You must be wondering how the days of Anil Ambani, who was once in the news for his debt burden, suddenly changed? Actually, some people have contributed behind this. Anil Ambani has blood relations with these people. Anil Ambani’s financial situation has been changing rapidly in recent times. For the last 11 days till yesterday i.e. Thursday, Reliance Power’s shares were in the upper circuit of 5 percent. The shares of this company have given about 64 percent return in the last one month. However, on Friday it saw a decline of 5 percent. With this fall this share has come down to Rs 50.95. A day earlier it was at Rs 53.65, which is its highest peak in 52 weeks.
Big update on Anil Ambani’s Reliance Group, announcement of entry into Bhutan, this deal has been signed!
Who are those people?
Anil Ambani’s two sons Jai Anmol Ambani and Jai Anshul Ambani have contributed in taking this company forward. He is helping his father in expanding his company rapidly. According to experts, these two sons of Anil Ambani have taken the command of Reliance Power. Perhaps this is the reason why investors’ confidence in them is increasing.
Apart from these, Jai Anmol has also breathed new life into Reliance Capital Limited (RCL). Besides, new businesses like Reliance Life Insurance and Reliance Capital Asset Management have also got a new direction under the leadership of Jai Anmol.
Company’s market cap increased
On one hand, the debt of Reliance Power has been eliminated, while on the other hand, Reliance Infrastructure has reduced its debt by more than 80 percent. Anil Ambani’s business has also gained momentum due to reducing debt. The company is going to start its projects in other countries also. With the increasing share of Reliance Power, its market cap has also increased. It has exceeded Rs 20 thousand crores.
Reliance Infra is also growing rapidly
Anil Ambani’s other company Reliance Infrastructure is also growing rapidly. Currently the share price of this company is Rs 300. This is the highest since December 2018. The company’s shares have increased by more than 40 percent in the last one month. However, this week there was a decline in the company’s shares. The company has received approval to raise about Rs 3 thousand crore through Foreign Currency Convertible Bonds (FCCB). This has further strengthened the financial position of the company.