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On Dhirubhai's birthday, Mukesh joins hand with Anil
Rediff.com

On Dhirubhai's birthday, Mukesh joins hand with Anil

Reliance Jio to take over mobile business assets of troubled RCom at an estimated value of Rs 24,000-Rs 25,000 crore. Billionaire Mukesh Ambani on Thursday stepped in to bail out younger brother Anil Ambani's debt-ridden Reliance Communications by acquiring spectrum, tower, optical fiber network and other wireless assets.   While the two companies did not disclose the deal size, banking sources pegged the transaction value at Rs 24,000-25,000 crore. The announcement comes just two days ... Rediff.com, 1 month ago
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