Why Anil Ambani is not out and RBI set to review tokenization deadline
Despite Reliance Capital bankruptcy, Anil Ambani could make an unlikely comeback and RBI officials to gauge tokenization review.
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Editor's note: Surendar here. This should have been the last word on Anil Ambani. Reliance Capital recently became the third company in his portfolio to be dragged to the bankruptcy courts. Instead, Ambani is on course to make what could probably be the most unlikely comeback in Indian corporate history. In other news, the RBI is slated to hold a crucial meeting that may, or may not, ensure a trouble-free start to 2022. Read on! Anil Ambani’s comeback looks stronger than ever Last week, Anil Ambani’s Reliance Capital went under the bankruptcy hammer, the third group company to suffer this ignominy after Reliance Communications and Reliance Naval and Engineering. It should have marked the end of Ambani, who briefly owned India’s most valuable business empire in 2006. Instead, the chances of Ambani making a comeback are stronger than ever before and he may well be back in the reckoning with two of his companies - Reliance Infrastructure and its listed subsidiary Reliance Power - as early as the next financial year. To be sure, both companies are still debt laden, make losses …
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