Mumbai : Reliance Industries Limited has trashed a recent newspaper report that Chairman Mukesh Ambani and his family will split their time between Mumbai and London as "unwarranted and baseless."
The statement of Reliance said that Mukesh Ambani and his family has no plans to relocate at their second home at London's Stoke Park. "Reliance Industries Limited will like to clarify that the Chairman and his family have no plans whatsoever to relocate or reside in London or anywhere else in the world," it said.
The company further clarified that its acquisition of the Stoke Park estate was to develop the property as a premier golfing and sporting resort. To do this, the company will be fully complying with the planning guidelines and local regulations.
"This acquisition will add to the fast-growing consumer business of the group. Simultaneously, it will also expand the footprint of India’s famed hospitality industry globally," said the statement.
A newspaper had recently reported about the Reliance group buying the ultra-exclusive London property for Rs 592 crore. The report had claimed that Mukesh Ambani, who presently lives in India’s financial capital Mumbai at a plush 400,000 square feet residence, would be dividing time between Antilia and Stoke Park estate. There were also several accounts of the Ambanis spending Diwali in London this year. A ‘mini hospital’ has also been set up in London estate, the report claimed. While the Reliance statement has denied Mukesh Ambani making the Buckinghamshire country club his second home, there was no comment on the billionaire’s frequent visits overseas.
The 49-bedroom London property also has Mandir, which is identical to the Jamnagar and Mumbai residences. After 1908, the Stoke Park mansion, which has briefly been a private residence, was transformed into a country club. The Stoke Park estate has served as luxe location in two of the James Bond series movies.