Anil Ambani, with the help of his sons, has completely emerged from bankruptcy.
Anil Ambani's companies, like Reliance Power and Reliance Communication, were burdened with significant debt. As a result, in 2020, he declared bankruptcy. However, now he is in the process of repaying all the debts of his companies. Reliance Power, after repaying ₹800 crores of debt, has become debt-free, and its share price has also been steadily rising for some time.
The primary credit for this recovery goes to Anil Ambani's two sons.
Anil Ambani's elder son, Jai Anmol Ambani, began his career at Reliance with an internship. His contributions have significantly benefited the business over the past few years. In 2018, Jai Anmol Ambani facilitated an investment from the Japanese firm Nippon in Reliance Capital, which resulted in a 40% increase in the company's stock price.
Anil Ambani's younger son, Jai Anshul Ambani, is also working alongside his brother to revive the family business. He has experience working in Reliance Capital and Reliance Mutual Fund, and it is expected that he will soon take on crucial roles in both companies.
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