“A recent report in a newspaper has led to unwarranted and baseless speculation in social media regarding the Ambani family’s plans to partly reside in Stoke Park, London”, said a statement issued on Friday.
Reliance Industries Limited clarified that the Chairman and his family have no plans to relocate or reside in London or anywhere else in the world.
Further, RIL group company, RIIHL, which acquired Stoke Park estate recently, said 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.
This acquisition will add to the consumer business of the group, said the statement. Simultaneously, it will also expand the footprint of India’s famed hospitality industry globally, it added.