Shares of the Anil Ambani group companies wilted under heavy selling pressure this week after Reliance Communications had announced its decision to move the insolvency tribunal for bankruptcy protection. Health care, manufacturing, defense, aviation, and transportation services.Īnil Dhirubhai Ambani Group is going through a rough patch Reliance Anil Ambani Group Companies % Fall since Feb 4,2019 Group provides telecom, financial services, construction, entertainment, power, Reliance Group has the following companies under it: Reliance ADA Group is headed by Anil Ambani.
The company was formed after Dhirubhai Ambani’s business was divided up. It is headquartered in Navi Mumbai, India. Reliance Anil Dhirubhai Ambani Group is an Indian conglomerate. OthersĪDAG group last month exited the mutual fund business, selling its entire stake to its Japanese partner Nippon.Why Anil Ambani’s companies stocks are falling? These instruments were earlier marked down as they were rated 'C' by ranting agencies. Meanwhile, Reliance Mutual Fund has further marked down Reliance Home Finance securities held by 19 other schemes, leading to near around 2 per cent impact on the next asset values of these schemes, which included Reliance Hybrid Bond Fund, Reliance Ultra Short Duration Fund, Reliance Credit Risk Fund, Reliance Equity Hybrid Fund, Reliance Strategic Debt Fund, Reliance Equity Savings Fund and Relaince Fixed Horizon Funds across series XXXI, XXXII, XXXIII and XXXIV.
These provisions may or may not result in actual losses subject to the obligations being repaid in the future. The fund house said its schemes – Reliance Ulta Short Duration Fund and Reliance Credit Fund, Reliance Strategic Debt Fund – held the instrument and it has taken adequate measures to enhance security and safeguard investor interest.
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