Anil Ambani Appears Before ED In Mumbai As Part Of FEMA Investigation Officials

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Anil Ambani News: Businessman Anil Ambani appeared before ED officials in Mumbai on Monday in connection with the Foreign Exchange Management Act (FEMA) probe. According to news agency PTI, the officials have given this information.

He said that 64-year-old Anil Ambani had reached the federal agency’s office in Ballard Estate area to record his statement in a case registered under various sections of Foreign FEMA. Information on the matter in which Anil Ambani was summoned was not immediately available.

Industrialist Anil Ambani appears before ED in Mumbai as part of FEMA investigation: Officials

— Press Trust of India (@PTI_News) July 3, 2023

Prominent Reliance Group tycoon Anil Ambani had earlier appeared before the ED in 2020 in a money laundering case against Yes Bank promoter Rana Kapoor and others.

This share of Anil Ambani bathed the investors

Shares of an Anil Ambani company have left investors devastated. Investors’ earnings have sunk. Investors in this stock are suffering huge losses. The stock, which was once trading at Rs 2700, has fallen to Rs 9 today. Investors’ money is trapped in this stock. This company is in debt. The name of this company is Reliance Capital. Businessman Anil Ambani has huge debts. Anil Ambani’s company Reliance Capital (RCap) is going to be sold. The lenders of debt-ridden Reliance Capital have taken over Hinduja Group company IndusInd International Holdings Ltd. In the second round of bidding, the company bid Rs. 9,661 crore has been the highest cash offer. Sources said 99 per cent votes went to IndusInd International Holdings Limited. (IIHL) were in favor of the bid. The reason for this is that the lenders Rs. 9,661 crore is expected to recover the loan from the cash payment.

Shares of Reliance Capital have been bullish since last Friday. Stocks closed higher on Friday. There was a jump of 5 percent in this. Even today the stock is seeing a boom. The stock is trading on the upper circuit today due to heavy buying by investors. The stock today rose 5 percent to Rs. 9.75 has been reached. The rally in the stock came after RCAP’s lenders voted in favor of the resolution plan presented by Hinduja Group company IndusInd International Holdings Ltd. In the second round of bidding, the company bid the highest Rs. 9661 crore in cash has been offered