Indian businessman Mukesh Ambani and the Ambani family have denied the allegations. Recently, there were reports in various media that the Ambani family had bought 300 acres of land in London to relocate.
The Reliance Group said in a statement on Friday that the Ambani family had not moved, saying the news was baseless.
“Newspapers have been circulating baseless and unfounded news that the Ambani family is about to move to London,” the statement said.
The statement said NDTV had no plans to relocate the Ambani family to London or anywhere in the world.
Why did the Ambani family buy 300 acres of land in London?
The family of Mukesh Ambani, the richest man in South Asia and chairman of Reliance Group, now lives in a 400,000-square-foot home in Mumbai. The family recently bought 300 acres of land in London, UK.
After all, why did the Ambani family buy the land? A statement issued by Reliance Group said that the land was purchased for the expansion and expansion of sports resorts.
“Acquisition of land will boost the group’s rapidly growing consumer business,” the statement said.