Anil Ambani goes deep down in debt, now taken this decision to repay the loan

Jul 01 2019 07:35 PM
Anil Ambani goes deep down in debt, now taken this decision to repay the loan

Mumbai: Reliance Group Chairman Anil Ambani is constantly making efforts to repay the loan. Anil Ambani is now trying to sell his headquarters in Mumbai. Anil Ambani is talking with some global private equity firms, including Blackstone. According to a report by Economics Times, Anil Ambani wants to repay the loan by selling the Headquarter Reliance Centre in Santacruz, Mumbai, or on lease for a long time.

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It is worth mentioning here that the Headquarters of Reliance Centre is spread over 7 lakh square feet and can easily fetch Rs 1,500-2,000 crore from the sale. The report also states that Reliance Group International Property Consultancy may entrust JLL with the responsibility for selling the headquarter.  According to the report, a Reliance Group spokesperson has confirmed that the group is brainstorming on selling real estate assets, including Mumbai's headquarter.

However, he declined to give further details. While Blackstone declined to comment on the deal. Reliance Infrastructure is the owner of Reliance Group's headquarter. Anil Ambani's Reliance Group has a debt of over Rs 1 lakh crore.

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