ANIL AMBANI, SPIELBERG SCRIPT A $825-MN DREAM DEAL

Its the biggest and the most high-profile deal in Indian entertainment. Anil Ambani-promoted Reliance Big Entertainment (RBE) has finally sealed the funding for its much-hyped 50:50 joint venture with Hollywood’s iconic director Steven Spielberg’s DreamWorks.

DreamWorks Studios will get an initial funding of $825 million, which includes equity from Reliance ADAG to make films for a global audience. The company would make five to six films per year, and the first production would start this year for release in 2010. Of the $825 million, $325 million will be equity infused by Anil Ambani as his personal investment, $150 million will come from The Walt Disney Company as a distribution advance, and the rest will be funded by JP Morgan via debt.

IT’S A WRAP: ADAG, SPIELBERG DEAL DONE

Anil Ambani group’s Reliance Entertainment and DreamWorks SKG of acclaimed director Steven Spielberg have completed the much-talked about deal for jointly making Hollywood films.

The Indian Express

ANIL AMBANI's PAY PACKET FATTENS SIX-FOLD

Consumers may be reeling under an inflation of close to 13 per cent, but it should not be a cause of concern for India's second richest person Anil Ambani, whose pay package has grown by close to six times over past fiscal.

The Financial Express

Mittal, Ambanis, Premji among world's wealthiest CEOs

Steel tycoon Lakshmi Mittal along with Ambani brothers - Mukesh and Anil, are among the 10 wealthiest CEOs in the world, according to American magazine Forbes. Out of the world's 10 wealthiest CEOs, four positions have been grabbed by Indians -- Lakshmi Mittal is ranked at the second place followed by Mukesh Ambani (6th place), Anil Ambani (7th) and Wipro chief Azim Premji (9th).

The Economic Times
http://economictimes.indiatimes.com/News_by_Industry/
Mittal_Ambanis_Premji_among_worlds_wealthiest_CEOs/
articleshow/2740535.cms

Reliance Power IPO | Indian institutions outbid foreign investors

The Anil Ambani-controlled Reliance Power Ltd’s public float that saw subscriptions of $190 billion has the who’s who of international investors putting in bids for the company’s shares. According to a source close to the development, foreign institutional investors (FIIs) accounted for nearly half the demand for the issue. FIIs such as Deutche Bank, UBS Securities, ABN-Amro Securities, Macquarie Securities and Merrill Lynch have put in bids ranging from $13.9 billion to $1 billion for shares on offer to institutions. The George Soros-controlled Quantum Fund is said to have put in a bid of $1.6 billion.

Mint
http://www.livemint.com/2008/01/20190149/
Reliance-Power-IPO----Indian.html

Rel Power IPO to make Anil richest Indian

Reliance Power Ltd's IPO, the country's biggest, has helped the promoter Anil Ambani whiz past elder brother Mukesh and NRI tycoon Lakshmi Mittal at the top of India's richie-rich club, with his wealth soaring to more than 60 billion dollars. As per a list of richest Indians put out by renowned business magazine Forbes late last year, Mittal and Mukesh Ambani were ranked at the top two positions, followed by Anil at the third position.

The Financial Express
http://www.financialexpress.com/news/
Rel-Power-IPO-to-make-Anil-richest-Indian/263561/