Shocking news .. ‘Ambani’ selling assets to pay off debts


Prime Time Zone, Webdesk: Reliance Infrastructure, led by Anil Ambani, has relocated its Reliance Center headquarters to Rs. 1,200 crore to Yes Bank. Anil Ambani has sold his assets worth thousands of crores to get the company out of debt. Yes Bank said it would use the office as its corporate headquarters. The company said in a statement that it had sold the property to pay off a debt owed to the bank. The company says it is ready to become a debt-free company by 2021. Reliance Infrastructure also sold 2 of its assets in January this year. Delhi Agra Toll Road Rs. 3,600 crore, Parbati Coldam Transmission Company Limited for Rs. It is known that it was sold for 900 crores. Reliance Infrastructure and Yes Bank get Rs. There is a backlog of Rs 2,000 crore. The company’s share price plummeted after the announcement of the debt settlement. It traded at an intraday high of 7.98 per cent during the mid-session after rallying up to 10 per cent.