Ambanis Deny Move To UK. Why They Bought 300-Acre Property

New Delhi:

After a number of reviews claimed Reliance Industries Restricted chairman Mukesh Ambani and his household are more likely to transfer to London, following their acquisition of Stoke Park property there, the Reliance group on Friday issued an announcement rejecting the “baseless” reviews.

“A current report in a newspaper has led to unwarranted and baseless hypothesis in social media concerning the Ambani household’s plans to partially reside in Stoke Park, London,” the assertion mentioned.

The corporate mentioned it wish to make clear that Mr Ambani and his household have “no plans in any way to relocate or reside in London or anyplace else on the planet.”

Mukesh Ambani, Asia’s richest particular person, lives along with his household in a 400,000 sq. ft Altamount highway residence, Antilia, in Mumbai, Maharashtra. Latest reviews had mentioned that the Ambani household is anticipated to make the 300-acre nation membership in Buckinghamshire, Stoke Park, their main residence.

Nevertheless, the Reliance group mentioned that its Reliance Industrial Investments and Holdings Restricted, “which acquired Stoke Park property not too long ago, wish to make clear that its acquisition of the heritage property is geared toward enhancing this as a premier {golfing} and sporting resort, whereas absolutely complying with the planning pointers and native laws.”

“This acquisition will add to the fast-growing shopper enterprise of the group. Concurrently, it’s going to additionally develop the footprint of India’s famed hospitality trade globally,” the assertion mentioned.