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Ambanis not relocating to London: Reliance

Source: PTI   -  Edited By: Utkarsh Mishra
November 05, 2021 22:51 IST
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Billionaire Mukesh Ambani has no plans to relocate or reside in London or anywhere else in the world, his flagship firm Reliance Industries Ltd said on Friday as it sought to scotch speculations over India's richest family dividing time between the United Kingdom and Mumbai.

IMAGE: Mukesh Ambani. Photograph: PTI Photo

It termed reports of the Ambani family looking to make the 300-acre country club in Buckinghamshire, Stoke Park their primary residence, as 'unwarranted and baseless speculation'.

 

'Reliance Industries Limited will like to clarify that the Chairman and his family have no plans whatsoever to relocate or reside in London or anywhere else in the world,' the firm said in a statement.

Post Reliance acquiring the London property for Rs 592 crore, Ambani and his family's visit abroad have been linked to them making Stoke Park their second home.

They live in a 400,000 square feet Altamount road residence, Antilia, in Mumbai.

'RIL group company, RIIHL, which acquired Stoke Park estate recently, would like to clarify that its acquisition of the heritage property is aimed at enhancing this as a premier golfing and sporting resort, while fully complying with the planning guidelines and local regulations,' the statement said.

It, however, did not comment on Ambani's reported frequent visits abroad.

'This acquisition will add to the fast-growing consumer business of the group. Simultaneously, it will also expand the footprint of India's famed hospitality industry globally,' the statement added.

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Source: PTI  -  Edited By: Utkarsh Mishra© Copyright 2022 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 
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