Are the Ambanis on a downward spiral?

October 20, 2011 15:55

Yesterday, Mukesh Ambani made news for his 27-floor highrise home, today, it's brother Anil, for an entirely different reason.

Last week, when Anil Ambani announced to shareholders his plans to sell stakes in his telecom, asset management and general insurance businesses in order to reduce his enormous, acknowledged debt burden of Rs 31,975 crore -- it had all the signs of a desperate man at the end of the road. Read the story on Moneylife.in

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