Akash Ambani Bought Anil Ambani's Firm For 3720 Crore

Mukesh Ambani's elder son Akash Ambani is the chairman of Reliance Jio.

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Akash Ambani's Reliance Jio recently acquired 100 percent stake in Reliance Infratel.

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Reliance Infratel is a subsidiary company of Anil Ambani's Reliance Communications.

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Reliance Infratel mainly provides infrastructure construction-related services.

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Akash Ambani's Reliance Jio bought Reliance Infratel for 3720 crores.

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This acquisition is made to use the tower and fiber asset of Reliance Communications to improve Reliance Jio connectivity.

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Anil Ambani is Still a Billionaire After Bankruptcy, See How!

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