Anil Ambani's good day, half loan will be reduced in 4 months||AllBestNews||

Anil Ambani's good day, half loan will be reduced in 4 months

Anil Ambani, who is facing the contempt of the Rafael controversy and the Supreme Court, has been getting good news for the past few days.

Reliance Group Chairman Anil Ambani has been receiving good news for some time since he has been in debt for about 45 thousand crore rupees for a long time. In fact, in the past, the group's firm Reliance Infrastructure (RInfra) got the contract to make an airport in Gujarat. Now another group company Reliance Capital has claimed that it will reduce the total debt by 50 to 60 percent in the next three to four months.

Claim to reduce total debt by 50 to 60 percent

Indeed, Reliance Capital of Anil Ambani Group has decided to sell stake in Reliance Nippon Life Asset Management and Reliance General Insurance to repay debt. The company is selling some of the properties other than the main business to raise money. In a statement, the company said, "Some properties other than the main business and 43 per cent in Reliance Nippon and 49 per cent stake in Reliance General Insurance will reduce the total debt by 50-60 per cent," the company said in a statement.

Contract found in Gujarat

Earlier, Anil Ambani-owned Reliance Infrastructure (RInfra) had received good news from Gujarat. Actually, RInfra got a contract to build a new airport in Hirasar of Rajkot district. The company has achieved this order by making the lowest bid in nine bidders including Larsen and Toubro, Dilip Buildcon and Gayatri Projects. RInfra had bid for Rs 648 crores for this contract. The location of construction of this airport on behalf of the company is near the National Highway 8B connecting Ahmedabad and Rajkot. It is 36 kilometers from the existing Rajkot Airport.

Ericsson Group prepares to repay debt

Prior to this, in February, Reliance Group chief Anil Ambani had been reprimanded and fined by the Supreme Court in the Rs 500-crore loan disbursed from Ericsson Group. But now Anil Ambani's company has also planned to repay this debt. In this regard, Reliance Capital's financial services company Reliance Capital informed about the past. He had said that Reliance Nippon Life Asset Management Limited (Arnam) has been preparing to sell its entire stake. Aranam is a joint venture of both companies. In this company, Anil Ambani holds a 42.9 percent stake in Reliance Capital, while Japan's Nippon Life Insurance has 42.88 percent stake.

Anil Ambani is surrounded in these disputes

These days there is controversy over the contract between Anil Ambani's company Raphael aircraft. The country's main opposition party Congress has alleged that PM Narendra Modi has benefited Anil Ambani in this contract. Apart from this, Anil Ambani is facing the contempt of the Supreme Court for not paying a loan of Rs 500 crore to Sweden's telecom company Ericsson.