Reliance Big News: The Ambani family has suffered another major setback. Another company of country businessman Anil Ambani is now on the verge of selling. Approval has also been given for the sale of debt-ridden Reliance Naval Defense and Engineering. NCLT has approved to sell it. Anil Ambani’s crisis cloud is not diminishing after another.
Hazel Mercantile approved
Ahmedabad Special Back of National Company Law Tribunal (NCLT) Consortium Plan for Hazel Mercantile (Hazel Mercantile ) led by Swan Energy ( Swan Energy ) for Reliance Naval Defense and Engineering Has been approved. According to information from Reliance Infrastructure, Hazel Mercantile has been approved by NCLT. A letter of intent ( LOI) was issued earlier this year.
For this debt-ridden company, Hazel Mercantile has put the money of Rs 2700 crore. Please tell this is the highest bid. In this long-running process, Hazel Mercantile has received NCLT approval. Recently NCLT has approved the acquisition of Reliance Geo ( Reliance Jio) to Reliance Infratel ( Reliance Infratel ).
Strong surge in stocks
After Anil Ambani’s company’s Bricky was approved, on Friday, the company’s shares got a strong jump and the company’s shares were upper circuit, Which has led to a huge gain from investors and even on the last business day, the shares of the company closed with a lead of more than 4 per cent.
Decision to acquire assets
Let me tell you, NCLT had decided to acquire Reliance Infratec’s towers and fiber assets, After which Reliance Jio was asked to deposit around Rs 3720 crore in SBI’s escrow account. There are about 78 lakh root kilometers of fiber property and 43540 mobile towers across the country across Reliance Infratel.