Following claims that Reliance Industries Limited chairman Mukesh Ambani and his family were planning to relocate to London following their purchase of the Stoke Park estate, the Reliance group issued a statement on Friday dismissing the “baseless” reports.
“Unwarranted and unsubstantiated speculation in social media regarding the Ambani family’s plans to partially reside in Stoke Park, London has resulted from a recent report in a newspaper,” according to the statement.
Mr. Ambani and his family have “no intentions to migrate or reside in London or anywhere else in the world,” according to the firm.
According to recent reports, the Ambani family is planning to relocate to Stoke Park, a 300-acre country estate in Buckinghamshire.
The Reliance group, on the other hand, said that its Reliance Industrial Investments and Holdings Limited “would like to clarify that its acquisition of the heritage property is aimed at enhancing this as a premier golfing and sporting resort, while fully complying with the planning guidelines and local regulations.”
“The group’s fast-growing consumer business will benefit from this purchase. At the same time, it will broaden India’s renowned hotel industry’s global reach “According to the declaration.
