Diversified Telecommunication Services
Company Overview of Reliance – Anil Dhirubhai Ambani Group
Company Overview
H Block
1st Floor
Dhirubhai Ambani Knowledge City
Navi Mumbai, 400710
India
Key Executives for Reliance – Anil Dhirubhai Ambani Group
Reliance – Anil Dhirubhai Ambani Group Key Developments
Reliance – Anil Dhirubhai Ambani Group and Dalian Wanda Group Corporation Ltd. announced the signing of a MoU to set up a Joint Venture (JV) for strategic long term partnership between the two groups, covering several areas of mutual interest. The first priority of the proposed JV will be to develop integrated township projects in India, including but not limited to commercial buildings and residential condos /apartments, hotels, retail space, etc. Wanda Group is the real estate developer in the world, and has built over 130 million sq. ft. property in 66 integrated projects across 50 cities in China. Wanda Group's demonstrated track record and project expertise will be utilized initially in the following 2 projects: The Dhirubhai Ambani Knowledge City complex in Navi Mumbai owned by Reliance Communications Ltd., covering an area of approx. 135 acres, and having the potential for development of over 10 million sq. ft., subject to necessary approvals. The new Business District project in Hyderabad, covering an area of 80 acres, owned by Reliance Infrastructure Ltd., having unlimited FSI for development for commercial and residential purposes, hotels, etc., with plans to develop up to 10 million sq. ft area in a phased manner.
Reliance – Anil Dhirubhai Ambani Group is reportedly seeking a partner to run the business, several people familiar with the development said. A senior Reliance Group executive said, discussions are under way with some potential partners, although he didn’t reveal their names. The Reliance Group official said that if a fourth investor has to come on board, Bloomberg’s consent is required and same has been obtained. The Reliance Group official denied that the group planned to acquire majority control of Bloomberg UTV. A UTV Group spokesperson, declined to comment.
Reliance – Anil Dhirubhai Ambani Group Presents at Indonesia Coal Investment Forum 2011, Nov-01-2011 01:00 PM. Venue: Grand Hyatt Jakarta, Jalan M H Thamrin, Kav 28-30, Jakarta 10350, Indonesia. Speakers: Mukund M. Dongre, Vice President.
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