Anil Ambani-The Ace Dealmaker
An Egyptian
activist named Suzy Kaseem rightly said, “Being different and thinking
different makes a person unforgettable. History does not remember the
forgettable.” And this is precisely what rings in true for Anil Ambani’s case.
Albeit, the pile of debts that he is meticulously trying to pare, what we can’t
forget the wide array of accomplishments that he has got to his kitty. In the
business circles it is said that during his hey days, Anil could sniff the most
lucrative deals as good as a shark sniffs the odour of blood in the ocean even
it is miles away. There was something about his finesse for numbers that lent
him with the insights that what could make for a fruitful and a promising deal.
And then, one can’t also forego his inclinations towards sectors that catered
to the futuristic vision. So here’s a list of top deals that were done him that
pose him as one of the top dealmakers of the Indian business sector of all
times:
The
Joint-Venture with the Andhra Pradesh Government:
In July
2007, Anil Ambani forged an alliance with the Andhra Pradesh government so as
to make some portion of his gas share available for industrial units in the
state.
The
Launch of Nationwide GSM Services:
During the
month of October of 2007, got the government’s nod to launch nationwide GSM
services, the country’s dominant mobile platform. As a matter of fact,
Macquarie Research stated, “We forecast RCOM to continue to be the number two
wireless operator in spite of the delay in launching GSM services”. In those
times, the shares of Reliance Communications due to this deal were valued at
$38 billion, trading at 31.6 times forecast earnings.
Soros
Investment:
In February
2008, Anil Ambani announced a deal with Investor George Soros where the latter
had acquired a 3% stake in Reliance Entertainment Pvt. Ltd. This deal valued
Reliance Entertainment at a net-worth of $3.3 billion (Rs. 13,0355 crore)
bringing Reliance Entertainment in the same league as that of SunTV Network and
Zee Entertainment Enterprises Ltd.
Deal
with Canada’s Recognia
In April
2008, Reliance Money joined hands with Canada’s Recognia, a leading provider of
technical charts for stocks so as to double presence to 20,000 outlets. The
idea behind the expansion plan was to add another 10,000 outlets taking the
total number of outlets to 20,000 and to expand its reach to 5,161 tehsils of
the country.
The
Groundbreaking Deal with Steven Spielberg’s Dreamworks
In June
2008, Reliance ADA Group closed a deal with Steven Speilberg’s DreamWorks SKG
to form a new movie venture.Reliance provided Spielberg and company with
$500-$600 million in equity and and this gave Reliance a large stake in the new
company.
The US
Firm Deal for Buying Digital Business:
Reliance
Big Entertainment acquired the digital images business of US-based DTS Inc in
an all cash deal for $7.5 million (Rs30 crore). This was the first acquisition
by Reliance Entertainment overseas in the digital services space.
JV with
China’s Wanda:
Reliance
Group and China’s Dalian Wanda Group Co. Ltd in December 2012, announced a
tie-up to develop real estate and movie theatre projects, the latest
partnership between Ambani and China.
The groups,
which did not give any financial details, said they will first look to build
integrated township projects in India involving a combined area of about 20
million square feet across two projects.
JV with
France’s Dassault Aviation:
In 2016,
Reliance Group announced a JV with Dassault Reliance Aerospace Pvt. Ltd, the
French-aircraft maker Dassault Aviation SA that is in line to benefit from a
Rs24,500 crore seven-year offset deal. The company for India, inked a deal to
buy 36 Rafale aircraft from Dassault for Rs59,000 crore.
Deal for
Advent into OTT Platforms:
In 2017, Reliance
Entertainment’s video-on-demand platform BIGFLIX entered into a content
partnership agreement with Atrium TV.With the deal in place, BIGFLIX
exclusively streamed Atrium’s drama series.
Deal with
Nippon Life Asset Management:
In May
2019, Reliance Capital (RCap) signed a definitive agreement with Nippon Life to
sell its stake in Reliance Nippon Life Asset Management (RNAM). Under the
agreement, the Japanese firm spiked its shareholding in RNAM from 42.88 per
cent to 75 per cent by buying shares from public shareholders and RCap.
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