Reliance Jio Mukesh Enters the Field to Protect His Younger Brother.. Deposited Thousands of Crores..
Mukesh Ambani helps Anil Ambani:
We all know that Anil Ambani-led Reliance Infratel went bankrupt. But this company is trying to acquire assets. But this settlement is finally ending after 2 years.
Deposited Money:
Reliance Jio Infocomm has filed a fresh application in the National Company Law Tribunal in Mumbai. In this application, Reliance Infratel has disclosed that it is ready to deposit Rs.3,720 crore in an escrow account with State Bank of India to acquire the company and its assets. Through this, Jio will acquire the telecom tower and fiber assets of bankrupt Reliance Communications.
Anil Ambani Went Bankruptcy:
Anil Ambani's Reliance Communications has lost customers due to intense competition in the telecom market. As a result, the company defaulted on its loans to the banks...