Reliance Group has met debt servicing obligation of Rs 35,000 cr: Anil Ambani

Agencies

June 11, 2019

Mumbai, Jun 11: Rebutting rumours about the financial health of Reliance Group, its Chairman Anil D. Ambani on Tuesday said the Group has met debt servicing obligation of Rs 35,000 crore during the period from April 1, 2018 to May 31, 2019.

According to him, the debt servicing component comprises of principal repayments of Rs 24,800 crore and interest payments of Rs 10,600 crore.

Ambani told the media that the debt servicing payments of over Rs 35,000 crore have necessarily had to be made almost entirely from asset monetisation and operational cash flows.

He regretted the apathy and lack of support from the financial system, which he said ultimately only significantly hurt the interests of lenders themselves as well as all other stakeholders.

The Reliance Group Chairman said that unwarranted rumour mongering, speculation, and bear hammering of all Reliance Group companies' shares over the last few weeks "has caused grave damage to all our stakeholders".

He said he was anguished and deeply concerned for the Group's over 70 lakh strong retail shareholders base. However, it was comforting for him to know that over the past 12 months, retail shareholding across all companies remained uneroded and consistent.

Speaking on the debt service obligation, the Reliance Group Chairman said the payments have been made in the face of insurmountable odds and the most challenging financial environment witnessed in the country in decades.

Ambani pointed out that during this entire period, lenders from all categories -- banks, mutual funds, insurance companies, provident funds or NBFCs -- provided zero net additional liquidity or debt to any entity of the Reliance Group.

He said that to compound matters, the regulatory bodies and courts have not passed any final adjudication orders on claims aggregating to over Rs 30,000 crore that are due for more than 5-10 years to various Reliance Group companies, especially Reliance Infra and Reliance Power and their affiliates.

Ambani also said that final decisions were inordinately and repeatedly delayed for one reason or the other.

He added that the journey undertaken for transforming the Reliance Group to be capital light, have bare minimal debt and higher return on equity, will enhance value for all its shareholders.

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QR-code tips power Mangaluru's major drug bust: 25 arrested in 2 weeks

News Network

December 16,2025

Mangaluru, Dec 16: The Mangaluru City police have significantly escalated their campaign against drug trafficking, arresting 25 individuals and booking 12 cases under the Narcotic Drugs and Psychotropic Substances (NDPS) Act between November 30 and December 13. The crackdown resulted in the seizure of a substantial quantity of illicit substances, including 685.6 grams of MDMA and 1.5 kg of ganja.

The success of this recent drive has been significantly boosted by the city’s innovative, QR code-based anonymous reporting system.

"The anonymous reporting system has received an encouraging response. Several recent arrests were made based on inputs received through this system, helping police tighten the noose around drug peddlers," said the City Police Commissioner.

The latest arrests contribute to a robust year-to-date record, underscoring the police's relentless commitment to combating the drug menace.

Up to December 14 this year, the police have registered a total of 107 cases of drug peddling, leading to the arrest of 219 peddlers. Furthermore, they have booked 562 cases of drug consumption, resulting in the arrest of 671 individuals.

The scale of the seizure for the year reflects the magnitude of the problem being tackled: police have seized 320.6 kg of ganja worth ₹88.7 lakh and 1.4 kg of MDMA valued at ₹1.2 crore. Other significant seizures include hydro-weed ganja worth ₹94.7 lakh and cocaine worth ₹1.9 lakh, among others.

The Commissioner emphasized a policy of rigorous enforcement: "We ensure that peddlers are caught red-handed so that they cannot later dispute the case or claim innocence."

To counter the rising trend of substance abuse among youth, the Mangaluru City police have rolled out uniform guidelines for random drug testing across educational institutions.

As part of the drive, tests were conducted in approximately 100 institutions, screening an estimated 5,500 to 6,000 students in the first phase. 20 students tested positive for drug consumption during the initial screening.

Students who tested positive have been provided counselling and are scheduled for re-testing in the second quarter. The testing will also be expanded to students not covered in the first phase. In a move to ensure strict implementation, police personnel were deployed in mufti in some institutions. Reiterating a zero-tolerance stance, the Commissioner confirmed that random testing will continue, and colleges have also been instructed to conduct drug tests at the time of admission to deter substance abuse from an early stage.

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