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Yes Bank takes over Anil Ambani's Reliance headquarters in Mumbai for failure to repay Rs 2,892 crore

Shortpedia

Content Team

Anil Ambani's Reliance Anil Dhirubhai Ambani Group in Mumbai has been taken over by Yes Bank after the company failed to repay the bank dues worth Rs 2,892 crore. Reliance headquarters in Santacruz, Mumbai, which is a 21,000 square feet building has been acquired by the bank, which has also taken possession of two floors of its previous headquarters in Nagin Mahal in South Mumbai. The possession of the building happened on July 22.