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Home / Legal / Why is Antilla owned by a company but not simply and directly by Mukesh Ambani? Are there any tax benefits in doing so?
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Why is Antilla owned by a company but not simply and directly by Mukesh Ambani? Are there any tax benefits in doing so?

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0 2022-04-28T10:11:01+00:00
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Hey,

I want you to know that the 4 lakh square feet plot was bought in July 2002 by Antilia Commercial Pvt. Ltd, a commercial business entity owned by Mukesh Ambani. The property was purchased for Rs. 215 million; which is USD 3 million approximately. I am sure not about the tax benefits purposes behind this.

I hope this helps!

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