Anil Ambani may sell or lease out Mumbai headquarters to pare debt: Report

Several companies of the Anil Dhirubhai Ambani Group are in the legal crosshairs for not paying back debt. As of March 2018, the group's consolidated debt stood at Rs 1.72 trillion

Reliance Group chairman Anil Ambani is in talks with Blackstone and a US-based fund to sell or lease out his headquarters in Santacruz, Mumbai, in a deal that may be worth upwards of Rs 1,500 crore, the Economic Times reported on Monday. However, the deal may be marred by a legal tangle that the property is involved in, the report added.

Several companies of the Anil Dhirubhai Ambani Group (ADAG) are in legal crosshairs for not paying back debt. As of March 2018, the group’s consolidated debt stood at Rs 1.72 trillion. The figures as of March 2019 are not