Anil Ambani, once, one of the world’s wealthiest men, is again in the headlines for his significant recovery from his financial fortune. After a series of failures in this business in the past few years, Anil Ambani is back with a remarkable jump in his net worth. But how did all this happen?
Reliance Power And Reliance Infra Show Growth
Ambani was once a helm of Reliance communication and several other businesses for those unfamiliar with his story. However, the company faced many issues due to mounting debt and legal battles. There was a time when he declared himself bankrupt as well during a court hearing in 2020. Many believe that his days as a business tycoon are over now.
He is again back in the news with a surprising turn in his life. With all his determination, his companies, Reliance Infrastructure, and Reliance Power, have shown positive growth. In recent business moves and restructuring plans, they have played a key role in turning around.
By the end of this week, Reliance Infrastructure’s market capitalization jumped nearly 50%, increasing from Rs 8,500 crore to Rs 12,500 crore. Also, Reliance Infrastructure has announced a substantial decrease in its standalone external debt, reducing it from Rs 3,831 crore to only Rs 475 crore.
Similarly, the market capitalization of Reliance Power also increased by 25% from Rs 11,500 crore to Rs 14,600 crore. This is a good sign for Anil Ambani.
What Changed In Anil Ambani’s Life?
He turned out the plans for his business. In many recent reports, his focus on energy and infrastructure is paying off well. Reliance Power has shown significant growth in stock value, which adds to its net worth.
Funding Plans Of Reliance Infrastructure
Reliance Infrastructure’s board has approved to raise up to Rs 6,000 crore through a preferential issue and QIP. Even, Reliance Power’s board met on September 23 to find out the fundraising plan through various channels.
Reliance Infra board has approved a Rs 3,014 crore preferential issue, which will increase the stake of Risee Infinity Pvt Ltd, a promoter group entity, alongside other investors like Fortune Financial & Equities Services Pvt Ltd and Florintree Innovation LLP.
The board is also seeking shareholder approval to raise an additional Rs 3,000 crore via a qualified institutional placement (QIP). It aims to boost the company’s capital by strengthening its balance sheet and pursuing new growth opportunities.
Net Worth Of Anil Ambani
According to the filings, Reliance Infra’s net worth is set to rise from over Rs 9,000 crore to more than Rs 12,000 crore with these fund infusions. Also, Anil Ambani’s assets were reported to be around Rs 20,000 crore as of February 2023 reported on Times Of India.
It shows that even in business, setbacks are temporary and a comeback is possible. With the right strategy, Anil Ambani has shocked many business tycoons. Well, this moment could be a new beginning to his business journey again. Many business owners are now watching closely to see how he navigates this new chapter of life.
In any case, Anil Ambani reminds us about resilience and adaptability, the key formulas for overcoming challenges. No matter how big it is, the latest financial success might just be proof of that.
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