00:00 The days of the heavy debtor are now back.
00:03 His company's share is jumping high every day.
00:06 Reliance Power's shares are continuously going up in the past few days.
00:09 On Wednesday, a sharp jump of 4% came in this share.
00:13 Today, on Thursday, the company's share is trading at Rs 25.05 level.
00:17 And in 5 days, the company's share has increased by 20%.
00:22 This is the same share of Reliance Power, which was broken by 99%.
00:27 And the situation was that this share had also come to the level of Rs 1.
00:31 What is the reason behind the sharp rise?
00:32 What exactly happened?
00:33 Everyone will know in this video in detail.
00:35 Hi, this is Bhavna and you are watching Good Return.
00:38 Actually, their companies are in a hurry to pay off their debts.
00:42 Anil Ambani's company Reliance Power has paid off the balance of three banks last week,
00:46 ICICI Bank, Axis Bank and DBS Bank.
00:51 Similarly, its parent company Reliance Infrastructure
00:54 is working towards paying off the balance of Rs 21 crore of JC Flouris Asset Reconstruction Company.
01:01 A senior employee of Commercial Bank has said that
01:04 the target of Reliance Power is to become a debt-free company by the end of this financial year.
01:10 On the same account, a working capital loan taken from the IDBI Bank will be there.
01:16 ICICI Bank, Axis Bank and DBS Bank had a balance of Rs 400 crore on Reliance Power in total.
01:24 And they have recovered 30-35% of their principal loan.
01:29 On 7th January, on the notice issued by the exchanges,
01:32 Reliance Infrastructure and JC Flouris ARC had a standstill agreement.
01:37 Initially, this agreement was for 20th March 2024.
01:41 A spokesman of Reliance Infrastructure said that
01:43 it was extended to 31st March 2024.
01:47 According to the agreement,
01:48 JC Flouris ARC will not take any legal action against Reliance Infrastructure till 31st March.
01:55 This gave the company time to arrange funds.
01:58 Axis Bank, ICICI Bank and DBS Bank have not commented on this yet.
02:02 Reliance Power has also not commented on the details of the loan settlement.
02:07 Now the biggest question is that
02:09 how did the companies which were bankrupt, finally pay off their debts?
02:14 According to the notice given to the stock exchanges,
02:16 Reliance Power had collected an equity of Rs 240 crore from VFSI Holdings on 13th March.
02:23 Is it possible that this is how the remaining payments of the banks have been made?
02:26 VFSI Holdings is a subsidiary company of Global Asset Management firm World Day Partners.
02:32 The original lender is Yes Bank.
02:34 And Yes Bank had transferred its Rs 48,000 crore loan to JC Flouris ARC.
02:41 The loan given to Reliance Infrastructure and Reliance Power was also included in this.
02:46 Reliance Power told the exchanges that
02:48 till 31st December 2023, its total equity was Rs 765 crore.
02:55 Reliance Infrastructure said that
02:57 in this period till December 2023, its total equity was Rs 4,223 crore.
03:06 According to the exchanges,
03:08 in April 2023, Reliance Power settled a loan with two lenders,
03:11 JC Flouris ARC and Canara Bank.
03:15 Now, there is also an investment in the companies.
03:18 In September 2022, Reliance Power gave Rs 15.55 per share to VFSI Holdings
03:25 for 200 million equity shares.
03:28 25% of this was subscribed in Rs 80 crore.
03:32 While the remaining was issued as a warrant.
03:35 VFSI used the right to convert the warrant into shares.
03:39 As a result, they invested Rs 240 crore.
03:43 In August this year, Reliance Commercial Finance,
03:45 which was acquired by Otham Investment and Infrastructure,
03:49 invested Rs 1,043 crore in both Reliance companies.
03:54 Reliance Infrastructure invested Rs 891 crore.
03:58 Reliance Power invested Rs 152 crore.
04:02 Reliance Commercial Finance was bought by Otham Investment and Infrastructure.
04:08 Well, this bounce back of the jump in debt, settlements and shares is Anil Ambani's comeback.
04:14 In 2008, Anil Ambani was the world's 6th wealthiest individual.
04:18 His net worth was $42 billion.
04:21 Even Anil Ambani was richer than Mukesh Ambani.
04:26 However, later there were setbacks in his business empire.
04:29 And his empire sank.
04:31 In February 2020, the UK court declared Anil Ambani's net worth as zero
04:36 and declared him bankrupt.
04:38 Anil Ambani's comeback is done, but a long journey is yet to be completed.
04:44 So, as I told you, Anil Ambani's days are going to change.
04:49 What do you think? Do tell us in the comments.
04:52 What would you like to say about his journey?
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