India’s richest man Mukesh Ambani’s company Reliance Industries has acquired New York’s luxury hotel Mandarin Oriental for $ 981 million. Its value in Indian currency is 728 crores. Let us tell you that this is the second hotel that Mukesh Ambani has bought in a year.
The Mandarin Oriental, built in 2003, is a luxury hotel located at 80 Columbus Circle, New York, next to Central Park and Columbus Circle. Reliance Industries Investments and Holdings Limited, a subsidiary of Reliance Industries Limited, has acquired the entire issued share capital of Columbus Center Corporation at an equity return of approximately ₹9.981 million, the company said in a stock exchange filing. Which is a Cayman Islands-based company and indirectly owns a 73.37% stake in Mandarin Oriental New York. The Mandarin Oriental is one of New York City’s most coveted luxury hotels.
Earlier this week, Reliance Retail, a retail arm of Reliance Industries Ltd, bought a 25.8 per cent stake in sector company Danzo for around Rs 1,488 crore to increase its presence in the online delivery business of groceries. The two companies said in a statement that Django recently raised $240 million under a fund-raising program led by Reliance Retail Ventures Ltd.
Reliance Industries Limited Chairman Mukesh Ambani recently predicted that India would become one of the three most important economies of the world and Reliance would become one of the strongest and most prestigious Indian multinationals in the world. In the Reliance Family Day event, Ambani shared about the mandatory or urgent work. Which everyone in Reliance should adopt and make a way of living.