A "golden moment" enlightened industrialist Anil Ambani on the path he should take to extricate himself from the massive Rs 43,000-crore debt weighing Reliance Communications (RCom) down. That moment came one Sunday when his 83-year-old mother, Kokilaben Ambani, caught him in a pensive mood and told him "to ensure no lender loses a single rupee".Anil then took the decision to exit the bleeding wireless telecom business. Anil will also monetise RCom's other properties, including real estate, to bring down the total debt to a manageable Rs 6,000 crore. But, a few years after Dhirubhai passed away in 2002, two Reliance groups were created.Anil wanted to grow his telecom business fast and expand beyond India. My father would tell me, 'Anil, money is a very funny commodity.'

Source: Times of India January 04, 2018 00:46 UTC