 "ANIL AMBANI, reliance group")
At the 14th annual general meeting (AGM), Reliance Communications (RCom) chairman Anil Ambani bid adieu to the telecom business, owing to intense slugfest in the sector.
However, Ambani gave a ray of hope to shareholders. He unveiled a new source of redemption through development plans for the 133-acre Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai.
“As we have moved out of the mobile sector, we will monetise at an appropriate stage our enterprise business (which includes enterprise, data, submarine and long distance international voice calls). Reliance Realty (a subsidiary of RCom) will be the engine of growth for the future of
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