<\/span><\/h2>\n\n\n\nBusiness magnate Dhirubhai Ambani passed away in 2022, as you are aware. He did not prepare a plan for his sons’ share of the land. Anil and Mukesh Ambani, his two sons, were often at odds with them other after his death. In order to resolve the issue, Kokilaben chose to divide the business her husband founded for the family between the two of them. <\/p>\n\n\n\n
Following the split, Anil Ambani acquired stakes in entertainment, power, infrastructure, communications, and financial services in addition to a portion of Reliance Group. The biggest Reliance Power IPO in Indian history was credited to Ambani as well. In 2008, the IPO attracted subscribers in under a minute. It is currently the fastest subscription in Indian Capital Market history. <\/p>\n\n\n\n
Anil Ambani made the decision to enter the entertainment business after that. Thus, in 2005, he made his debut in the entertainment business by owning most of the stock in Abdlans Films. The business engaged in digital marketing, film processing, production, and exhibition. 2009, or about four years later, Ambani rebranded Adlabs Films in conjunction with Reliance MediaWorks. Ambani also established a joint venture between DreamWorks, a production business owned by Steven Spielberg, and Ambani MediaWorks. The project’s main goal was to launch Ambani MediaWorks on a global scale. Additionally, Ambani assisted with the creation of a few Steven Spielberg movies. Lincoln, one of the movies, took home an Academy Award.<\/p>\n\n\n\n
<\/p>\n\n\n
\n
<\/figure><\/div>\n\n\n<\/p>\n\n\n\n
Anil Ambani is considered one of the fastest shareholder wealth destroyers within a decade. His Reliance Anil Dhirubhai Ambani Group\u2019s combined group market cap has declined by 90%. It was the first time that the company has lost 90% since its formation of the company.<\/p>\n\n\n\n
<\/p>\n\n\n\n
<\/span>Anil Ambani And His Political Connection<\/strong><\/span><\/h2>\n\n\n\nThe Indian National Congress charges Prime Minister Narendra Modi of favoring Anil Ambani’s Defence Company above Hindustan Aeronautics Limited, a public sector enterprise. The French manufacturing company Dassault, with whom the fighter aircraft deal was arranged, has been the subject of accusations.<\/p>\n\n\n\n
It was a deal valued at Rs. 58,000 crores. Anil Ambani, however, has refuted all allegations and claims that he profits from crony capitalism. In actuality, Anil Ambani’s company will receive only 3% of the sale price\u2014roughly Rs. 30,000 crores\u2014through the aviation offsets contract, despite the fact that this was the largest and most advantageous deal for Rafale fighter jets. <\/p>\n\n\n\n
<\/span>Awards And Recognition<\/strong><\/span><\/h2>\n\n\n\n<\/p>\n\n\n\nAward\/ Recognition<\/strong><\/td>By<\/strong><\/td>Year<\/strong><\/td><\/tr>Businessman of the Year 1997<\/td> | Business India<\/td> | December 1998<\/td><\/tr> | Businessman of the Year<\/td> | The Times of India<\/td> | December 2006<\/td><\/tr> | Best Role Model<\/td> | India Today Magazine<\/td> | August 2006<\/td><\/tr> | The CEO of the Year<\/td> | Platts Global Energy Awards<\/td> | 2004<\/td><\/tr> | The Entrepreneur of the Decade Award<\/td> | Bombay Management Association<\/td> | October 2022<\/td><\/tr> | First Wharton Indian Alumni Award<\/td> | Wharton India Economic Forum (WIEF)<\/td> | December 2001<\/td><\/tr> | Leaders of the Millennium in Business and Finance<\/td> | Asiaweek magazine<\/td> | June 1999<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n <\/p>\n\n\n\n <\/span>The Split Between Brothers<\/strong><\/span><\/h2>\n\n\n\nDhirubhai Ambani passed away in 2002 without signing a will. Anil became Reliance Industries’ Managing Director upon the death of his father. At the time, the corporate empire valued at Rs 28,000 crore had Mukesh as its chairman.<\/p>\n\n\n\n A hint of discord started to emerge between the brothers around 2005. A legal battle between the brothers over the gas supply ultimately resulted in the division of the corporation into two. Anil assumed control of the financial services, telecom, and power generation sectors, while Mukesh was assigned to the petrochemicals and oil-refining divisions. Until 2010, they also agreed to a “non-compete pact.” <\/p>\n\n\n\n <\/p>\n\n\n \n | | | |