• Anil Ambani's companies, once in debt, are now debt-free, marking a significant comeback.
• The transformation began with Reliance Power securing a major contract and Reliance Infrastructure moving towards being debt-free.
• Reliance Infrastructure's Rs 1,100 crore investment from promoters and a surge in market capitalisation signalled renewed growth potential.
• Ambani's resilience and strategic vision have reignited investor confidence, marking a remarkable turnaround in the business world.

Once the sixth richest man in the world with a net worth of $42 billion, Anil Ambani's journey has been nothing short of a rollercoaster ride. His companies, once crumbling under debt and culminating in the collapse of Reliance Capital in 2021, are now leading a charge that has shocked even his harshest critics. Most industry experts believed his journey had reached its final chapter. However, in a twist that has reignited investor confidence, Ambani is back, and his companies are now debt-free.

The transformation began when Reliance Power secured a significant contract, leading to a surge in its share price. Simultaneously, Reliance Infrastructure took strides toward becoming debt-free. This was a pivotal moment for Ambani's comeback, as it offered the company new hope and set the stage for long-term fundraising plans.

Reliance's Rapid Debt Reduction and Growth Plans

Reliance Infrastructure's recent Rs 1,100 crore investment from its promoters has been key to this revival. This investment sent a clear signal to investors of the company's renewed growth potential. By the end of September's third week, Reliance Infrastructure's market capitalisation skyrocketed by nearly 50%, reaching Rs 12,500 crore, up from Rs 8,500 crore. Similarly, Reliance Power witnessed a 25% surge in market capitalisation, climbing from Rs 11,500 crore to Rs 14,600 crore.

But the companies are not just paying off debts; they're planning for future growth. The board of Reliance Infrastructure has approved fundraising efforts of up to Rs 6,000 crore via preferential issues and Qualified Institutional Placement (QIP). Reliance Power also announced plans to issue up to 46.2 crore equity shares/warrants worth Rs 1,525 crore, securing fresh capital for expansion.

Strategic Decisions and Future Investments

Reliance Infrastructure's strategic decisions include a Rs 3,014 crore preferential issue that will bolster the stake of promoter group entity Risee Infinity Pvt Ltd, along with contributions from key investors. The company also seeks approval to raise an additional Rs 3,000 crore through QIP to reinforce its balance sheet and fuel future investments.

Reliance Infrastructure alone is expected to increase its value from Rs 9,000 crore to over Rs 12,000 crore. As of February 2023, Anil Ambani's total assets were estimated to be around Rs 20,000 crore, marking a stunning comeback for a man many thought was down and out. His resilience and strategic vision have once again positioned him as a formidable force in India 's corporate world.