Massive erosion of wealth due to poor performance leading to frequent rating downgrades has forced irate shareholders of the Anil Ambani Group companies to complain against the management and threaten to file a class-action suit.
Speaking at the AMG of Reliance Power here on Monday, a shareholder even threatened to make history by filing the country’s first class-action suit against the group companies, if the issues he raised are not addressed in the next two-three months.
The shareholder, who claimed to be a corporate lawyer from the city, also said he has lost over 90 per cent of the value of over Rs 3 crore investment in three of the seven Reliance Group companies.
