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It’s confirmed: Ambanis will continue to stay at ‘Antilia’, and not relocate to London – Economic Times

A day after news of the Ambanis relocating to London started doing the rounds, the Reliance Industries Limited () on Friday dismissed it as “baseless speculation”.

The RIL statement refuting a report published in Mid-Day said that the Ambanis don’t plan to move to London or anywhere else in the world. It added that the media reports of RIL Chairman Mukesh Ambani and his family looking to make the 300-acre country club in Buckinghamshire, Stoke Park, their primary residence were “unwarranted and baseless speculation”.

“RIL would like to clarify that the Chairman and his family have no plans whatsoever to relocate or reside in London or anywhere else in the world,” the statement said.

In April this year, India’s richest man bought Britain’s iconic country club and luxury golf resort for £57 million (about Rs 592 crore).

Clarifying about their Stoke Park acquisition, the statement said that the heritage property acquired by Reliance Industrial Investments and Holdings Ltd (RIIHL), a wholly-owned subsidiary of RIL, will be enhanced into an exclusive golfing and sporting resort.

“This acquisition will add to the fast-growing consumer business of the group. Simultaneously, it will also expand the footprint of India’s famed hospitality industry globally,” the statement read.

The Ambanis have been living in their 400,000 square feet Altamount road residence, ‘Antilia’, in Mumbai since the beginning of 2010. It’s their family tradition to celebrate Diwali at their Mumbai home.

on Thursday had reported that the Stoke Park property will replicate ‘Antilia’ with 49 bedrooms, a state-of-the-art medical facility, a shrine, among other luxurious things.

The speculations of Ambanis making Stoke Park their second home began after the family recently travelled to the UK mansion for Diwali. However, the statement did not comment on the family’s frequent visits to the UK. The reports claimed that Ambanis will move by April next year.