anil ambani Reliance Communication, which was trading at Rs 94 just before the news flash, slumped Rs 7 to touch a low of Rs 87 within a minute, a drop of 8%. Reliance Capital tumbled 6% from Rs 537 to Rs 508 while Reliance Media slipped from Rs 136.5 to Rs 128.5, a drop of 6%. Under the heat, Reliance Power melted from Rs 119 to Rs 116, down 2.5%. NSE Nifty slipped as a result of the heavyweights falling. NSE Nifty is down 49 points to 5,542 while the BSE Sensex tripped 153 points to 18,456.He is one of the foremost entrepreneurs of Independent India.
As of 2005, he was among the 5 richest Indians with a net worth of 14.5 billion US dollars according to Forbes magazine, making him one of the richest people in the world. He is the Chairman of Anil Dhirubhai Ambani Group. Earlier, before the split in the Reliance Group, Anil Ambani held the post of Vice Chairman and Managing Director in Reliance Industries Limited (RIL). Born on June 4, 1959, Anil Ambani did his Bachelors in Science from the University of Bombay and Masters in Business Administration The Wharton School at the University of Pennsylvania. Anil Ambani joined Reliance in 1983 as Co-Chief Executive Officer. He pioneered India Inc’s forays into overseas capital markets with international public offerings of global depository receipts, convertibles and bonds. Starting from 1991, he led Reliance in its efforts to raise, around US$2 billion from overseas financial markets. In January 1997, the 100-year Yankee bond issue was launched under his stewardship. After the split in Reliance Group, Anil Ambani founded Anil Dhirubhai Ambani Group. He is the Chairman of all listed Group companies, which include: Reliance Communications, Reliance Capital, Reliance Energy and Reliance Natural Resources Limited.
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