A major setback to Anil Ambani, China asks to repay Rs 15,000 crore debt
A major setback to Anil Ambani, China asks to repay Rs 15,000 crore debt
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Beijing: Anil Ambani's Reliance Group's problems are on the rise as some of the world's richest 11 years ago. Recently, it was reported that Anil Ambani was out of the biennial clout. Now Anil Ambani has been dealt a major blow on behalf of Chinese banks.

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In fact, some Chinese banks owe Anil Ambani a loan of over $2.1 billion, or about Rs 15,000 crore for Indian rupees. The money has been given by China Development Bank, Exim Bank and ICB.  Ambani is to repay the China Development Bank's nearly $1.4 billion loan. Similarly, Exim Bank of China is demanding Rs 3.3 thousand crore from Anil Ambani, while Anil Ambani has to pay ICB Bank Rs 1.5 thousand crore.

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Anil Ambani has been out of the list of Billionaire Slab. As for Anil Ambani's entire business empire, the assets are currently worth $523 million, or about Rs 3,651 crore.  However, Ambani's assets also include mortgaged share prices. If removed separately, Anil Ambani's assets are less than Rs 765 crore (109 million dollars). About four months ago, Anil Ambani's Reliance Group's total value was pegged at Rs 8,000 crore.

 

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