Anil Ambani: The Fall of a Billionaire

From being one of India's star businessmen to a defaulter facing a jail term, Anil Ambani's business debacle is a textbook case of unbridled ambition and risky business ventures gone wrong. The combined valuation of Anil’s listed firms stood at Rs 24,922 crore as on February 22, 2018. By comparison, Mukesh’s Reliance Industries Limited (RIL) had a market cap of Rs 7,70,592 crore on February 18. Last year, RCom said it will exit the telecom business, but on February 2 this year, it shocked investors by proposing a debt resolution plan to the National Company Law Tribunal (NCLT) and said it expected substantial unsustainable debt and liabilities to stand extinguished under the NCLT process. Where does he go from here? Watch the video to know the full story.s.