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<ul><li><keyword id="6374020" type="General" weightage="50" keywordseo="anant-ambani" source="Orion">Anant Ambani</keyword> heads the new energy business of Reliance Industries. </li><li>He has graduated from Brown University in the USA. </li><li><keyword id="6528933" type="General" weightage="20" keywordseo="radhika-merchant" source="Orion">Radhika Merchant</keyword> is the daughter of Shaila and <keyword id="5220246" type="General" weightage="50" keywordseo="viren-merchant" source="Orion">Viren Merchant</keyword>, and has graduated from the New York University. </li></ul>The youngest son of Mukesh and <keyword id="7024" type="General" weightage="50" keywordseo="nita-ambani" source="Orion">Nita Ambani</keyword>, Anant Ambani was formally engaged to Radhika Merchant, on Thursday. The ceremony took place at the Ambani residence in Mumbai. Anant Ambani who heads the new energy business of Reliance Industries, that’s based out Jamnagar in Gujarat – has been rumoured to be dating Merchant, for a long time now. His siblings and twins Akash and <keyword id="617730" type="General" weightage="50" keywordseo="isha-ambani" source="Orion">Isha Ambani</keyword> head the telecom and retail businesses of the conglomerate. The succession plan <a href="https://www.businessinsider.in/business/corporates/news/akash-isha-and-anant-are-the-future-of-reliance-industries/articleshow/93854579.cms">was announced in August last year</a>, during the company’s annual general meeting. “All three of them have the mindset of the founder (Dhirubhai Ambani). Anant, in fact, spends most of his time at Jamnagar,” said Mukesh Ambani at the AGM. While Akash Ambani is married to <keyword id="6296629" type="General" weightage="50" keywordseo="shloka-mehta" source="Orion">Shloka Mehta</keyword> and has a son named Prithvi, Isha Ambani who is married to Anand Piramal, has recently given birth to twin babies – a boy and a girl. <div type="image" title="anant ambani engagement" msid="97140821" hostid="261"></div> Anant Ambani graduated from Brown University in the USA, and has since served at Reliance Industries in various capacities including as a member on the boards of Jio Platforms and Reliance Retail Ventures. Radhika Merchant is the daughter of Shaila and Viren Merchant, and has graduated from the New York University. She serves as a director on the Board of Encore Healthcare, a pharma company based out of Mumbai. “Age old traditions such as the Gol Dhana and Chunari Vidhi – followed since generations among Gujarati Hindu families – were conducted with great enthusiasm in the family temple and ceremony areas even as the families exchanged gifts and greetings, bonhomie and fun,” said a note sent by the Ambani family. <div type="image" title="Radhika merchant" msid="97140835" hostid="261"></div> The commencement of the engagement was announced by Isha Ambani, after which the couple exchanged rings in front of family and friends and sought their blessings for their upcoming union. SEE ALSO <a href="https://www.businessinsider.in/business/corporates/news/akash-isha-and-anant-are-the-future-of-reliance-industries/articleshow/93854579.cms">Reliance of the future – in the hands of Akash, Isha and Anant</a>

Anant Ambani gets engaged to Radhika Merchant amidst traditional Gujarati ceremonies

<h1 style="margin-top: 0px; margin-bottom: 1rem; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 2.85714rem; line-height: 3.42857rem; font-family: Montserrat, sans-serif; vertical-align: baseline; color: rgb(0, 0, 0);"> </h1>With nearly US$50 billion, the Ambani family is the richest in Asia – and they never hesitate to show off their wealth. From gorgeous homes to impressive charitable contributions, the Ambanis make the most of their fortune. Here’s how they spend their money. Antilia Antilia, the residence of Reliance Industries chairman and managing director, Mukesh Ambani’s family, is decorated during his daughter <keyword id="617730" type="PERSON" weightage="20" keywordseo="Isha-Ambani">Isha Ambani</keyword>’s wedding, in <keyword id="6358070" type="LOCATION" weightage="20" keywordseo="mumbai">Mumbai</keyword> in December 2018. Photo: Reuters The Ambanis have multiple homes but the crown jewel of their real estate holdings is Antilia, the 27-story skyscraper in Mumbai that allegedly cost US$1 billion to build. The home features 600 full-time staff, three helipads, a garden that spans three floors, swimming pools and gorgeous ballrooms – and it’s said to be the second most expensive property in the world (behind only Buckingham Palace). Cars Mukesh Ambani. Photo: Reuters Mukesh Ambani has used his massive wealth over the years to amass a fleet of luxury cars. The cars in his collection include a Mercedes Maybach 660 Guard, BMW 760 Li, Bentley Continental Flying Spur and a Rolls-Royce Phantom. Several of them are among the most expensive on the market. They also feature bulletproof coating to ensure that the family stays safe wherever their travels take them. Weddings A view of City Palace, one of the venues for the pre-wedding celebrations of Isha Ambani in Udaipur, in the Indian desert state of Rajasthan in December 2018. Photo: Reuters It’s been a celebratory couple of years for the Ambanis. In 2018, their eldest daughter Isha married Anand Piramal in a gorgeous ceremony. The wedding reputedly cost nearly US$100 million and featured stunning decorations, a private concert by Beyoncé and plenty of charter flights to fly in the Clintons, Nick Jonas and his wife Priyanka Chopra, and other celebrities. That doesn’t count the engagement party and pre-wedding ceremonies which the Ambanis hosted. Son Akash’s wedding a year later was apparently even more expensive. While a private concert from Beyoncé reportedly costs US$2 million, Akash’s wedding in Switzerland included performances by Maroon 5, Coldplay and The Chainsmokers. You do the maths. They also booked a luxury hotel for 500 guests. Parties Actress Priyanka Chopra and her husband, singer Nick Jonas, arrive for Isha Ambani’s wedding in Mumbai in December 2018. Photo: Reuters Weddings aren’t the only cause for celebration for the Ambani family. They also like to throw massive parties at Antilia to celebrate personal or professional victories. They hosted get-togethers for the Mumbai Indians cricket side at Antilia after their recent Indian Premier League (IPL) titles. Sports Mumbai Indians players and support staff and team owner <keyword id="7024" type="PERSON" weightage="20" keywordseo="Nita-Ambani">Nita Ambani</keyword> (right, in a white shirt) celebrate becoming the first team to win three IPL titles with a thrilling one-run victory over Rising Pune Supergiant in Hyderabad in May 2017. Photo: AFP The Ambanis love sport – particularly cricket. In 2008, they bought the Mumbai Indians for US$111.9 million, the largest sale of an IPL team at the time. They’ve rarely spared any expense in signing star players on expensive contracts, and these contracts have paid off with titles in 2013, 2015, 2017 and 2019. Charity Isha Ambani serves food to guests during an Anna Seva ritual that coincided with pre-wedding functions ahead of her marriage to Anand Piramal. Photo: AFP It has been said that Mukesh Ambani is India’s most charitable individual. Ambani reportedly gave over US$60 million in 2018, with most of that going to education, health care and rural development. These donations are organised through the Reliance Foundation, Reliance Industries’ charitable arm that was founded in 2010. While the Ambanis have a taste for luxury, it’s encouraging to know that they still find ways to give back and use their wealth for the good of the world. As Mukesh and Nita’s three children grow up and take on more influence in the family business, we’ll be watching to see how their spending habits evolve, too.

How does Mukesh Ambani – India’s richest man – and his family spend their US$50 billion fortune?

<keyword id="10926" type="General" weightage="100" keywordseo="reliance" source="Orion">Reliance</keyword> Consumer Products Limited, the FMCG arm and a wholly-owned subsidiary of Reliance Retail Ventures Limited, on Tuesday announced a strategic partnership with Sri Lanka-headquartered <keyword id="16311795" type="General" weightage="80" keywordseo="maliban" source="Orion">Maliban</keyword> Biscuit Manufactories (Private) Limited (Maliban). Maliban, a biscuit manufacturer, is well known for last 70 years for its range of quality products including biscuits, crackers, cookies and wafers. In addition, the company has expanded its products reach to global markets and exports to over 35 countries across five continents. "With a leading market position, Maliban has deep-rooted heritage and credibility. With this strategic partnership between RCPL and Maliban, we will not only be strengthening our FMCG portfolio through a great brand but will also be able to offer an excellent value proposition through quality products to our Indian consumers," said <keyword id="617730" type="General" weightage="50" keywordseo="isha-ambani" source="Orion">Isha Ambani</keyword>, Executive Director, Reliance Retail Ventures, in a release. "Being the custodian of several widely known global brands in India, Reliance is well-positioned to further expand the excellent consumer equity and reach that Maliban has built over 70 years," Isha Ambsaid. The vision of Reliance's FMCG arm is to bring to Indian consumers a bouquet of domestic and globally recognised consumer brands and product choices that offer superior value proposition with exceptional quality. It launched its packaged consumer products brand, 'Independence' in December 2022 and is creating a distinct and dedicated retail distribution network for its fast-expanding FMCG portfolio. <keyword id="6865480" type="General" weightage="50" keywordseo="rrvl" source="Orion">RRVL</keyword>, through its subsidiaries and affiliates, operates more than 16,500 own stores and partners with over 2 million merchants across Grocery, Electronics, Apparel, Pharmacy, lingerie, home and furnishing, beauty and personal care. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/godrej-consumer-products-q3-profit-rises-3-5-to-546-crore/articleshow/97485680.cms">Godrej Consumer Products Q3 profit rises 3.5% to ₹546 crore</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/india-emerged-as-global-ma-hotspot-in-2022-bain-company-report/articleshow/97490051.cms">India emerged as global M&amp;A hotspot in 2022: Bain &amp; Company report</a>

Reliance Consumer Products enters into strategic agreement with Sri Lankan biscuit maker Maliban

<div class="KonaFilter image-container display-table"><div><div class="image on-image"></div></div></div><ul class="summary-list"><li>The Ambanis are the <a href="https://www.forbes.com/asia-families/list/" target="_blank" rel="noopener">richest family in Asia.</a></li><li>The family patriarch, <a href="https://www.businessinsider.com/category/india" target="_blank" rel="noopener">Indian</a> business tycoon <a href="https://www.businessinsider.com/category/mukesh-ambani" target="_blank" rel="noopener">Mukesh Ambani</a>, is worth an estimated $42.7 billion.</li><li>The Ambanis live in <a href="https://www.businessinsider.com/most-expensive-home-in-the-world-2014-5" target="_blank" rel="noopener">a 27-story skyscraper in Mumbai</a>, rumored to have cost $1 billion to build, which would make it one of the most expensive homes in the world.&#xa0;</li><li>The Ambanis mingle with people like <a href="https://www.businessinsider.com/hillary-bill-clinton-relationship-timeline-2018-12" target="_blank" rel="noopener">the Clintons</a>, <a href="https://www.businessinsider.com/category/prince-charles" target="_blank" rel="noopener">Prince Charles</a>, and <a href="https://www.businessinsider.com/category/bollywood" target="_blank" rel="noopener">Bollywood</a> stars.</li></ul>&#xa0;The <a href="http://businessinsider.com/category/richest-families" target="_blank" rel="noopener">richest family</a> in <a href="https://www.businessinsider.com/category/asia" target="_blank" rel="noopener">Asia</a> is an Indian family that just threw one of the most lavish wedding celebrations in recent memory, which included a private <a href="https://www.businessinsider.com/category/beyonce" target="_blank" rel="noopener">Beyoncé</a> concert and celebrity guests including <a href="https://www.businessinsider.com/priyanka-chopra-nick-jonas-isha-ambani-wedding-photos-2018-12" target="_blank" rel="noopener">Priyanka Chopra and Nick Jonas</a>, <a href="https://www.businessinsider.com/category/hillary-clinton" target="_blank" rel="noopener">Hillary Clinton</a>, and <a href="https://www.businessinsider.com/category/arianna-huffington" target="_blank" rel="noopener">Arianna Huffington</a>.The Ambani family is behind oil-to-telecom conglomerate Reliance Industries. The company's chairman and largest shareholder is Mukesh Ambani, the richest man in Asia, who is worth an estimated $42.7 billion, according to the <a href="https://www.bloomberg.com/billionaires/" target="_blank" rel="noopener">Bloomberg Billionaires Index</a>.Mukesh's daughter, 27-year-old <a href="https://www.businessinsider.com/who-is-isha-ambani-2018-12" target="_blank" rel="noopener">Isha Ambani, married Anand Piramal</a>, 33, heir to a real estate and pharmaceutical business, in December 2018 at the Ambani family home in <a href="https://www.businessinsider.com/category/mumbai" target="_blank" rel="noopener">Mumbai</a>, a 27-story skyscraper that cost an estimated $1 billion to build.Here's a look at the Ambani family's fortune, relationships, friends, and lavish lifestyles.&#xa0;

Meet the Ambanis, the richest family in Asia, who live in a $1 billion skyscraper and mingle with royals, politicians, and Bollywood stars

<keyword id="3227612" type="UNKNOWN" weightage="100" keywordseo="Burjis-Godrej">Burjis Godrej</keyword>, the customer support Asian development specialist at Conservis has a surname that surely makes people ask him if he is related to the Godrej family, the one that owns the <keyword id="113571" type="CITY" weightage="100" keywordseo="Godrej-Industries">Godrej Industries</keyword>. He is, in fact, the son of Nadir Godrej (MD, Godrej Industries). 
 Similarly, when Mukesh Ambani's daughter <keyword id="617730" type="PERSON" weightage="100" keywordseo="Isha-Ambani">Isha Ambani</keyword> worked at <keyword id="6372399" type="COMPANY" weightage="100" keywordseo="McKinsey">McKinsey</keyword> &amp; Co before joining the family business, she surely would have been the topic of many coffee break discussions that her colleagues would have had. 
 <keyword id="130464" type="PERSON" weightage="100" keywordseo="Lakshmi-Venu">Lakshmi Venu</keyword>, daughter of Venu Srinivasan (<keyword id="190592" type="COMPANY" weightage="100" keywordseo="TVS-Group">TVS group</keyword>), <keyword id="192486" type="PERSON" weightage="100" keywordseo="Nandini-Piramal">Nandini Piramal</keyword>, daughter of Swati and Ajay Piramal (<keyword id="6397591" type="PERSON" weightage="100" keywordseo="Piramal-Enterprises">Piramal Enterprises</keyword>); <keyword id="114302" type="PERSON" weightage="100" keywordseo="Radhika-Piramal">Radhika Piramal</keyword>, the daughter of Dilip Piramal (<keyword id="114305" type="COMPANY" weightage="100" keywordseo="VIP-Industries">VIP Industries</keyword>) and <keyword id="389611" type="PERSON" weightage="100" keywordseo="Anant-Goenka">Anant Goenka</keyword>, the son of Harsh Goenka (RPG Enterprises); all these kids belong to reputed business families of India, but what binds them is the fact that they chose to be trained in companies not belonging to their families. 
 There seems to be a growing appeal in the trend of working outside the family business, outside the country. While they have a lot of options to go to, they prefer global consulting companies like McKinsey, Bain, <keyword id="6370971" type="CITY" weightage="100" keywordseo="Accenture">Accenture</keyword> and <keyword id="6358918" type="PERSON" weightage="100" keywordseo="Deloitte">Deloitte</keyword> to be groomed for leadership. They also feel more comfortable in working at companies outside India so that they can get real-world experience and boost their learning trajectory. It also seems apt, because these scions would get special treatment at their own companies and a lot of unwanted attention if they work outside their companies but in the same county; working outside prevents this. 
 
“Besides, the bias of being unfairly judged is removed. And, global consulting companies and banks are known for quality, speed of work and accelerated learning on assignments,” SV Nathan, senior director and chief talent officer at Deloitte in India, told ET.

Indian business family scions like it better to work with foreign firms for global exposure

<keyword id="19896380" type="General" weightage="20" keywordseo="Reliance-Industries" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Industries" meta.hostid="261" meta.entityid="Reliance Industries">Reliance Industries</keyword>, under the leadership of <keyword id="19916798" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="keywords">Mukesh Ambani</keyword>, showcased its vision for the future during the company’s Annual General Meeting (AGM) that was held today (August 29). During the AGM, <keyword id="19936674" type="General" weightage="20" keywordseo="reliance" source="keywords">Reliance</keyword> laid out ambitious plans that span across its diverse businesses. The conglomerate, which has interests ranging from oil to telecom to retail, is positioning itself as a key player in India’s growth story, with a particular focus on <keyword id="20239522" type="General" weightage="20" keywordseo="technological-innovation" source="keywords">technological innovation</keyword>, energy security, and retail expansion. <h2>Not chasing short-term profits</h2><keyword id="19898589" type="General" weightage="20" keywordseo="ambani" source="keywords">Ambani</keyword>, during his speech, said that Reliance is not merely chasing short-term profits but is dedicated to creating long-term wealth for the nation. He reiterated the company’s commitment to providing high-quality products and services that enhance the lives of Indian consumers. The chairman announced that the company’s board will consider issuing bonus shares on September 5, further rewarding shareholders as Reliance continues to grow. <h2>Transforming into a deep-tech company</h2>A major theme of the AGM this year was Reliance’s transformation into a deep tech company, with advanced manufacturing capabilities at its core. Ambani described this shift as essential to securing a place in the global top-30 companies in the near future. He highlighted the company’s strategic adoption of artificial intelligence (AI), calling it one of the most transformative events in human history. AI, he noted, opens up new avenues to address complex problems, making Reliance a net producer of technology. Reliance has been making significant strides in R&amp;D, with over ₹3,643 crore invested in FY24 alone, taking the total research expenditure to over ₹11,000 crore in the last four years. This investment is driving innovations in various areas, including bio-energy, solar power, green energy, and high-value chemicals. The company has also been active in digital research, filing patents in 6G, 5G, AI, and IoT, among others. Ambani assured that this tech-driven transformation would propel Reliance into a new phase of hyper-growth, multiplying its value in the coming years. <h2><keyword id="20337020" type="General" weightage="20" keywordseo="retail-business" source="keywords">Retail business</keyword> to double</h2>In addition to technological advancements, Reliance Retail, the company’s retail arm, is set to double its business in the next three to four years. Isha Ambani, Director of Reliance Retail, shared that the retail segment recorded a gross revenue of ₹3.06 lakh crore for the financial year ending March 31, 2024, marking a 17.8% growth over the previous year. The retail business has rapidly expanded, with Reliance opening 1,840 new stores in the past year, bringing the total to 18,836 stores across 79 million square feet of retail space. This growth has positioned Reliance Retail among the top-5 global retailers in terms of store count and among the top-10 in market capitalization globally. Isha Ambani emphasised that much of this growth is driven by a focus on smaller towns, where two-thirds of the new stores have been opened. Reliance Retail is also focused on creating high-quality, affordable products through its Consumer Brands business, which has seen the re-launch of popular brands like Campa, Lotus Chocolates, and Sosyo. Mukesh Ambani concluded by underscoring Reliance’s mission to provide energy security to India while also contributing to a cleaner and greener world. As the global landscape becomes increasingly uncertain, he expressed confidence in India’s role as a key growth engine in the global economy. The International Monetary Fund (IMF) projects that India will become the world’s third-largest economy by 2027, surpassing Japan and Germany. Ambani affirmed that Reliance will continue to be a driving force in India’s march toward becoming a developed nation.

Reliance AGM 2024: Company aims to double retail business, Mukesh Ambani says not pursuing short-term profit

New generation of Ambanis — Isha Ambani, Akash Ambani, Anant Ambani, Anshul and Anmol Ambani

<ul><li><a href="https://www.businessinsider.in/business/corporates/news/checkout-mukesh-ambani-reliance-industries-annual-general-meeting-highlights/articleshow/76976243.cms">Reliance and Google will build a new Android-based operating system for smartphones in India</a><a href="https://www.businessinsider.in/tech/news/jio-glass-akash-ambani-and-isha-ambani-announce-reliances-latest-product-which-offers-holographic-video-calls/articleshow/76977640.cms">Reliance to spin off its Oil-to-Chemicals business for new partnerships – Mukesh Ambani says Saudi Aramco deal is still in the works</a><a href="https://www.businessinsider.in/business/news/google-picks-up-a-7-7-stake-in-mukesh-ambani-jio-for-33737-crore/articleshow/76977043.cms">Google picks up a 7.7% stake for ₹33,737 crore in Reliance Jio</a><a href="https://www.businessinsider.in/tech/news/jio-glass-akash-ambani-and-isha-ambani-announce-reliances-latest-product-which-offers-holographic-video-calls/articleshow/76977640.cms">Jio Glass – Akash Ambani and Isha Ambani announce Reliance’s latest product which offers holographic video calls</a> The new mixed reality headset <keyword id="9579590" type="UNKNOWN" weightage="20" keywordseo="jio-glass">Jio Glass</keyword> will make way for a smooth online video collaboration.</li><li>Jio Glass weighs only 75g, offers best in class, immersive mixed reality services. </li><li>With the latest product, companies can conduct holographic video calls with 3D figures of themselves and also share presentations at the same time.</li></ul>During the Reliance Annual General Meeting, the company announced an ambitious new offering – Jio Glass. Through Jio Glass, Jio takes your normal office calls to a whole new level. The new mixed reality headset Jio Glass will make way for a smooth online video collaboration. With the latest product, companies can conduct holographic video calls with 3D figures of themselves and also share presentations at the same time. <div type="image" title="Akash and Isha Ambani try out Jio Glass" msid="76977693" hostid="261" caption="&amp;lt;p&amp;gt;Akash and Isha Ambani try out Jio Glass&amp;lt;/p&amp;gt;"></div> "It provides the best in class MR services to give you an immersive experience. On the audio front, we have pioneered a special and personalized audio system without having any accessories attached," said Kiran Thomas, Vice President at Reliance. The Jio Glass weighs only 75g, offers best in class, immersive mixed reality services. Being connected through a single cable, the product already has 25 in built apps that will allow augmented reality video meetings and more. “Jio Glass is making teachers and #students come together in 3D virtual rooms and conduct holographic classes through our Jio Mixed Reality cloud in real-time. With JioGlass, the traditional way of learning Geography will now be History,” said Thomas. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/checkout-mukesh-ambani-reliance-industries-annual-general-meeting-highlights/articleshow/76976243.cms">Reliance and Google will build a new Android-based operating system for smartphones in India</a> <a href="https://www.businessinsider.in/tech/news/jio-glass-akash-ambani-and-isha-ambani-announce-reliances-latest-product-which-offers-holographic-video-calls/articleshow/76977640.cms">Reliance to spin off its Oil-to-Chemicals business for new partnerships – Mukesh Ambani says Saudi Aramco deal is still in the works</a> <a href="https://www.businessinsider.in/business/news/google-picks-up-a-7-7-stake-in-mukesh-ambani-jio-for-33737-crore/articleshow/76977043.cms">Google picks up a 7.7% stake for ₹33,737 crore in Reliance Jio</a>

Jio Glass – Akash Ambani and Isha Ambani announce Reliance’s latest product which offers holographic video calls

<ul><li>Dabur, in the regulatory filing, "confirmed purchase of 8.48 per cent stake in <keyword id="498521" type="COMPANY" weightage="20" keywordseo="Eveready">Eveready</keyword> Industries" by the promoters. The transaction was carried out on July 14.</li><li>Post the transaction, shareholding of these five entities in Eveready Industries increased from 11.35 per cent to 19.84 per cent.</li><li>Last month, Eveready Industries had said coronavirus pandemic will have an impact on its profitability in the short-term and it is engaged in discussions with lenders to infuse additional fund to meet working capital gap and ensure no impact on its operations. </li></ul>FMCG major Dabur's promoters have hiked their stake in Eveready Industries by 8.48 per cent by acquiring 61.67 lakh shares in the open market, according to a BSE filing. Dabur's five promoters -- M B Finmart, <keyword id="8881424" type="COMPANY" weightage="20" keywordseo="puran-associates">Puran Associates</keyword>, V I C Enterprises, <keyword id="8881423" type="COMPANY" weightage="20" keywordseo="chowdry-associates">Chowdry Associates</keyword> and <keyword id="5206072" type="COMPANY" weightage="20" keywordseo="Gyan-Enterprises">Gyan Enterprises</keyword> -- through portfolio managing firm Guardian Advisors have hiked their stake in Eveready Industries. Dabur, in the regulatory filing, "confirmed purchase of 8.48 per cent stake in Eveready Industries" by the promoters. The transaction was carried out on July 14. Post the transaction, shareholding of these five entities in Eveready Industries increased from 11.35 per cent to 19.84 per cent. Last month, Eveready Industries had said coronavirus pandemic will have an impact on its profitability in the short-term and it is engaged in discussions with lenders to infuse additional fund to meet working capital gap and ensure no impact on its operations. Eveready Industries shares closed 9.96 per cent higher at Rs 88.90 apiece on the BSE. SEE ALSO: <a href="https://www.businessinsider.in/business/news/google-picks-up-a-7-7-stake-in-mukesh-ambani-jio-for-33737-crore/articleshow/76977043.cms">Google picks up a 7.7% stake for ₹33,737 crore in Reliance Jio</a> <a href="https://www.businessinsider.in/tech/news/jio-glass-akash-ambani-and-isha-ambani-announce-reliances-latest-product-which-offers-holographic-video-calls/articleshow/76977640.cms">Jio Glass – Akash Ambani and Isha Ambani announce Reliance’s latest product which offers holographic video calls</a> <a href="https://www.businessinsider.in/stock-market/news/wipro-share-price-16-increase-leads-to-surge-in-infosys-share-price-too/articleshow/76973619.cms">Wipro share price 16% increase leads to surge in Infosys share price too</a>

Dabur promoters hike stake in Eveready Industries by 8.48%

<ul class="summary-list"><li>The <keyword id="42108" type="COMPANY" weightage="60" keywordseo="Ambanis">Ambanis</keyword>, <keyword id="3658" type="COUNTRY" weightage="60" keywordseo="India">India</keyword>'s richest family, plan to build <a href="https://www.theweek.in/news/biz-tech/2021/02/20/ambanis-to-build-the-worlds-largest-zoo-in-gujarats-jamnagar.html">the world's largest zoo</a> and animal rescue center in western India.</li><li>The zoo is reportedly a "pet project" of <keyword id="6374020" type="UNKNOWN" weightage="60" keywordseo="Anant-Ambani">Anant Ambani</keyword>, the youngest son of billionaire <keyword id="3820" type="PERSON" weightage="60" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>.</li><li>On Sunday, activists <a href="https://www.telegraphindia.com/north-east/privatisation-of-two-black-panthers-kicks-up-a-storm-in-guwahati/cid/1807414">protested the transfer of two black panthers</a> from a state-run zoo to Reliance's planned private zoo. </li></ul>India's richest family, known for its lavish lifestyle and control of India's most valuable company, has a new venture: building the world's largest zoo. The Ambanis, the billionaire family that owns the <a href="https://www.businessinsider.in/business/news/top-ten-most-valued-indian-companies-according-to-hurun-list/slidelist/80250905.cms">$168 billion conglomerate Reliance Industries</a>, plan to build <a href="https://www.theweek.in/news/biz-tech/2021/02/20/ambanis-to-build-the-worlds-largest-zoo-in-gujarats-jamnagar.html">a 280-acre zoo and animal rescue sanctuary</a> called "Greens Zoological Rescue and Rehabilitation Kingdom" in Jamnagar, a city in western India, The Week Magazine reports. Mukesh Ambani, Reliance's owner and majority shareholder, <a href="https://www.bloomberg.com/billionaires/profiles/mukesh-d-ambani/"> is worth $78.3 billion</a>, making him the 12th-richest person in the world.The zoo is the "pet project" of Anant Ambani, Mukesh Ambani's 25-year-old son, per The Week. <a href="https://www.businesstoday.in/current/corporate/what-are-business-responsibilities-of-mukesh-ambani-children/story/416851.html">Anant is a board member at Jio</a>, Reliance's telecom arm. The zoo will be built near the company's refinery in Jamnagar, per The Week. <div type="image" title="anant ambani" height="1263" width="1684" msid="81168716" hostid="261"></div>Anant Ambani's zoo is slated to be home to <a href="https://news.abplive.com/news/mukesh-ambani-s-son-anant-s-pet-project-greens-zoological-rescue-and-rehabilitation-kingdom-will-sit-on-250-acres-1445080">nearly 100 species of animals</a>, birds, and reptiles from India and around the world, including African lions, pygmy hippo, Bengal tigers, and Komodo dragons, according to local media reports. The animals will be housed in various areas with names like Frog House, Dragon's Land, Aquatic Kingdom, Indian Desert, and Exotic Island.<h2>Drawing criticism after striking a deal for two rare black panthers</h2>The Greens Zoological Rescue and Rehabilitation Kingdom, which is expected to open in 2023, has already stirred up some controversy.In January, <keyword id="6355199" type="ORGANIZATION" weightage="60" keywordseo="reliance-industries">Reliance Industries</keyword> struck a deal to <a href="https://timesofindia.indiatimes.com/city/guwahati/assam-zoo-black-panthers-for-ambanis-jamnagar-zoo/articleshow/80884971.cms">obtain two rare black panthers</a> from the the Assam State Zoo in Guwahati, the Times of India reported. In exchange, Reliance agreed to ship the Guwahati zoo two pairs of zebra from Israel. But activists and a local political party have <a href="https://nenow.in/north-east-news/assam/assam-congress-condemns-transfer-of-black-panthers-from-state-zoo-to-mukesh-ambanis-jamnagar-zoo.html">criticized the transfer of the panthers</a> from the state-run Guwahati zoo to the Ambanis' private zoo, according to Northeast Now <keyword id="6355005" type="UNKNOWN" weightage="100" keywordseo="news">News</keyword>."It seems that even wild animals kept in captivity in zoos cannot escape from the tentacles of big corporate houses as the recent 'hush-hush' transfer of two black panthers from the State Zoo in Guwahati to a zoo in Gujarat being set up by the Reliance group of the Ambanis has proved," Bobbeeta Sharma, leader of the Assam Pradesh Congress Committee, said in a statement, according to the publication.<div type="image" title="black panthers" height="1852" width="2470" msid="81168717" hostid="261"></div>Around <a href="https://www.telegraphindia.com/north-east/privatisation-of-two-black-panthers-kicks-up-a-storm-in-guwahati/cid/1807414">100 activists gathered</a> in front of the Guwahati zoo to protest the transfer of the panthers on Sunday, per Telegraph India.It's unclear whether Reliance purchased the 280 acres in Jamnagar for the purpose of developing the zoo or whether the company already owned the land. A Reliance spokesperson did not immediately respond to Insider's request for comment for this story.<h2>A family that mingles with celebrities and tech CEOs</h2>Mukesh Ambani, 63, was Asia's richest man for about two years before being dethroned in December by Chinese <a href="https://www.businessinsider.com/asias-richest-man-zhong-shanshan-lifestyle-wealth-2021-1">bottled water and vaccine billionaire Zhong Shanshan</a>. Still, he's Asia's second-richest man and the richest man in India by far - the next richest is Gautam Adani, who has a <a href="https://www.bloomberg.com/billionaires/profiles/gautam-s-adani/?sref=BLKWHazc">$45 billion fortune</a> as compared to <a href="https://www.bloomberg.com/billionaires/profiles/mukesh-d-ambani/">Ambani's $78 billion.</a>The Ambani family is known for its lavish lifestyle. They live in <a href="https://www.businessinsider.com/ambani-richest-family-in-asia-india-lifestyle-home-wedding-photos-2018-12">a 27-story skyscraper in Mumbai</a> that has three helipads and cost a reported $1 billion to build. The 2018 wedding of <a href="https://www.insider.com/who-is-isha-ambani-2018-12">Ambani's daughter, Isha Ambani</a>, was attended by the likes of Hillary Clinton, Google CEO Sundar Pichai, and <a href="https://www.insider.com/nick-jonas-priyanka-chopra-relationship-timeline-2018-6">Priyanka Chopra and Nick Jonas.</a> And perhaps most impressively, <a href="https://www.insider.com/beyonce-performs-at-wedding-of-indian-billionaire-families-isha-ambani-2018-12">Beyoncé gave a private performance</a>. <div type="image" title="ambani" height="1809" width="2412" msid="81168720" hostid="261"></div><a href="https://www.ril.com/">Reliance Industries</a> - which was founded by Mukesh Ambani's father - is <a href="https://www.businessinsider.in/business/news/top-ten-most-valued-indian-companies-according-to-hurun-list/slidelist/80250905.cms">the most valuable company in India</a>, with arms in energy, telecom, retail, petrochemicals, and more. Ambani's other two children, 29-year-old twins Isha Ambani and Akash Ambani, also hold roles at the company. According to Business Today, <a href="https://www.businesstoday.in/current/corporate/what-are-business-responsibilities-of-mukesh-ambani-children/story/416851.html">Isha holds two board and advisory roles at Jio</a>, Reliance's lucrative telecom arm that secured <a href="https://www.businessinsider.com/facebook-invests-in-jio-india-mobile-internet-service-2020-4">a $5.7 billion investment from Facebook</a> last year. Akash also works at Jio as part of the executive committee. He's involved in the company's product development, messaging, and chat services.

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