Wednesday, 3 April 2013

Anil Ambani of ADAG

Anil Ambani of ADAG:

Indian Billionaire Anil Ambani is the Chairman of The Anil Dhirubhai Ambani Group or ADAG. He arrives at his office in ahelicopter and works 12 hours a day. He is marathon runner and likes go jogging every morning to keep him self super fit. He is a vegetarian and does not drink or smoke. He is anoptimist and is known for his aggressive style of business. Anil Ambani has become a role model for the youngsters inIndia.
According to the Forbes’ he is the 6th richest man in the world and the 3rd richest Indian, with a net worth of $ 42 billion. He was the year’s biggest gainer as his net worth increasedby $23.8 billion.
Anil Ambani was born on June 4, year 1959. He graduated from the University of Mumbai. He did his MBA from the Wharton Business School, University of Pennsylvania in the US.
In 1983, Anil Ambani joined Reliance. He took the position of the Co-Chief Executive Officer. He managed the fund raising and marketing activities. Anil Ambani was in fact the man behind many innovations in the field of Indian finance.
Anil Ambani started The Anil Dhirubhai Ambani Group or ADAGin 2005, after the Business Empire got split between theAmbani Brothers.
The market capitalization of ADAG is around $ 75 billion. Anil Ambani’s business interests include financial services, communications, entertainment, energy, power, and health care.
Anil Ambani’s Reliance communications is one of the largest telecommunications company in India. Anil Ambani has around 66% stake in Reliance communications.
Reliance communications was considering a merger deal with South African Telecom Company MTN. The deal however wascalled off. The deal could have created $70 billion Telecom Company.
We can recall that Anil Ambani’s Company Reliance power had an IPO in Jan 2008.The IPO was over subscribed 9 times and was the largest in India. The IPO raised $ 3 billion.
Anil Ambani’s Reliance Big Entertainment or RBE has signed deals with leading production houses in Hollywood. The value of the movies will be worth $1 billion.
Reliance Big Entertainment or RBE entered into a deal withAmitabh Bachchan and family. The worth of the deal was Rs 1500 crore.
Reliance Big Entertainment or RBE is in talks with Steven Spielberg for a possible Joint venture deal where Reliance Big Entertainment or RBE will invest $600 million in Spielberg’s DreamWorks.

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