Anil Ambani the youngest from the Ambani group is facing a very bad time.Almost around 10 banks have alleged that they have not paid the interest for the huge loan they pledged from the bank.Now these accounts have gained a negative special Status account.
Special status account in bank terms mean that they thave not paid their intrest for month even after crossing 30 days.This is actually a ver bad trademark for a running business.
Reliance Communication which was started to grab the JIO customers(which was started by his brother Mukesh Ambani) ended in a big flop says sources.This is the reason t hey cant pay their interest rates.
Reliance shares faced a severe drop after this.It dropped nearly 20%.The company announced that this will be solved and the company will get its status back after the successful deal with Aircel and Brokefield.
