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Anil Ambani thanks elder brother Mukesh Ambani after Rs 550 crore bailout

​Billionaire Anil Ambani Monday thanked his brother Mukesh and his wife Nita for extending "timely support" after his debt-laden firm Reliance Communication cleared payments due to a service provider just a day before expiry of deadline set by the Supreme Court.

Reported by: PTI New Delhi Published : Mar 18, 2019 22:20 IST, Updated : Mar 18, 2019 23:27 IST
Anil Ambani thanks elder brother Mukesh Ambani after Rs 550

Anil Ambani thanks elder brother Mukesh Ambani after Rs 550 crore bailout 

Billionaire Anil Ambani Monday thanked his brother Mukesh and his wife Nita for extending "timely support" after his debt-laden firm Reliance Communication cleared payments due to a service provider just a day before expiry of deadline set by the Supreme Court.

"My sincere and heartfelt thanks to my respected elder brother, Mukesh and Nita, for standing by me during these trying times, and demonstrating the importance of staying true to our strong family values by extending this timely support. I and my family are grateful we have moved beyond the past, and are deeply touched with this gesture," he said in a brief statement issued through the company spokesperson.

The statement said RCom has made requisite payment of Rs 550 crore and interest thereon to Ericsson.

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