Mukesh Ambani comes to brother Anil’s rescue day before SC deadline to pay 550cr debt

Mukesh Ambani comes in support of his brother Anil Ambani to support to clear all payments due to Ericsson less than 24 hours before the expiry of Supreme Court’s deadline.

Billionaire businessman Anil Ambani on Monday thanked his brother Mukesh Ambani and his wife Nita Ambani for extending “timely support” after his firm Reliance Communication – which is facing massive debt – managed to successfully clear all payments due to Ericsson less than 24 hours before the expiry of Supreme Court’s deadline.

“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 requisite payment of Rs 550 crore and interest thereon to Ericsson has been completed today in compliance of the judgment of the Hon’ble Supreme Court,” said the company spokesperson.

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