Reliance industries says Ambani's have no plan to relocate to London

Reliance Industries Ltd said chairman Mukesh Ambani and his family don't have any plans to relocate. It denied a report that said they're going to have a second home in the united kingdom and divide their time between it and their current Mumbai residence. Reliance said the report amounted to "unwarranted and groundless speculation."

Mid-Day reported Thursday that the Ambani family was equipped to form the 300-acre tend Park society in Buckinghamshire its second home. "Reliance Industries Ltd would love to clarify that the chairman and his family don't have any plans whatever to relocate or reside in London or anyplace else within the world," the corporate aforesaid in a release late on Friday.

“The RIL group company, RIIHL (Reliance Industrial Investments and Holdings Ltd), which recently acquired the Stoke Park property, would like to point out that its acquisition of the heritage property aims to enhance it as a major golf and sports complex. compliance with local planning guidelines and regulations, ”the company said. The luxury spa, hotel, golf course and country club are frequented by the British elite, as well as movie stars, sports figures and royalty. It was also a popular location for filming.

Many Indian businessmen, including Sunil Mittal, the Hindujahs and Anil Agarwal, use the UK, especially London, as their base. The Ambani family are said to have spent the summer of 2020 at Heckfield Place in Hampshire with their family and close friends.