9/18/2023 0 Comments Reliance adag tune![]() Under this agreement, Anil was given control of Reliance Infocomm, Reliance Energy and Reliance Capital. The beginningsīack in 2005, Reliance Group (or ADAG as it was then called) was carved out as part of a settlement between the then-warring Ambani brothers. ![]() The asset sale is crucial to the Group’s plans to chart its next phase of growth focussed on defence, power and financial services. Jhujhunwala has been entrusted with the responsibility of selling a number of assets within the group in an attempt to bring down the net debt of ₹1,08,031 crore by at least 50 per cent. And yet, for the Group Managing Director and Vice-Chairman of the Anil Ambani-led Reliance Group, the next six months will perhaps be the most crucial period ever since Dhirubhai Ambani’s Reliance empire was split after a bitter feud between brothers Anil and Mukesh Ambani. From being a Chartered Accountant to becoming Anil Ambani’s most trusted man, Amitabh Jhujhunwala has charted a meteoric rise.
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