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The Fall of Reliance Communications |
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INTRODUCTION |
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| In the year 2005, Anil Ambani (Anil), younger son of Indian business tycoon Dhirubhai Ambani (Dhirubhai), has got the telecom, energy, and financial services businesses as a part of his share from the family-owned conglomerate Reliance Industries Limited (RIL). The businesses of RIL were divided between Anil and his brother Mukesh Ambani (Mukesh). The businesses acquired by Anil were considered to be lucrative with a lot of potential to grow in future, especially the telecom business, Reliance Infocomm (later renamed as Reliance Communications or simply RCom since 2005)... |
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