Enthused by the successful listing of Reliance Communication Ventures, which took his group's market capitalisation to Rs 86,500 crore (Rs 860 billion), Anil Ambani on Monday made a slew of investment announcements, including infusing over Rs 15,500 crore (Rs 155 billion) in telecom business in three years.
Claiming that Reliance-ADAG had emerged among the top three business entities in the country on "all major parameters," he said that all the outstanding issues including deviations in agreements had been taken up with elder brother Mukesh Ambani's group and the same were expected to be resolved by this month end.
Giving an outline of his business strategy, including that for Reliance Capital and Reliance Energy, Anil said there would be no cross holdings in the group companies as he preferred "simple and transparent" holding structure.
While the process is on for merger of Reliance Capital Venture with the Reliance Capital Ltd, all the telecom holdings would come under Reliance Communication Ventures, he said.
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