NATIONALENGLISH

Ambanis Deny Move to Shift to London

After several reports claimed Reliance Industries Limited chairman Mukesh Ambani and his family are likely to move to London, following their acquisition of Stoke Park estate there, the Reliance group on Friday issued a statement rejecting the “baseless” reports.

“A recent report in a newspaper has led to unwarranted and baseless speculation in social media regarding the Ambani family’s plans to partly reside in Stoke Park, London,” the statement said. The company said it would like to clarify that Mr Ambani and his family have “no plans whatsoever to relocate or reside in London or anywhere else in the world.”

Mukesh Ambani, Asia’s richest person, lives with his family in a 400,000 square feet Altamount Road residence, Antilia, in Mumbai, Maharashtra.

Recent reports had said that the Ambani family is expected to make the 300-acre country club in Buckinghamshire, Stoke Park, their primary residence.

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