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Reliance Group Chairman Anil Ambani poses for a photo before the company's annual general meeting in Mumbai in September 2019.    © AP
Business Spotlight

Anil Ambani's financial empire goes under the hammer

Reliance Capital creditors hope court administrator has more luck selling assets

DEV CHATTERJEE, Contributing writer | India

MUMBAI -- An Indian court-appointed administrator is preparing one of the biggest fire sales the country's financial sector has seen, after being handed control of former billionaire Anil Ambani's Reliance Capital in the wake of default on its 268 billion rupee ($3.54 billion) debts.

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