A week ago, it was Mukesh Ambani who at last minute rescued his brother Anil Ambani from Jail by clearing Ericsson’s dues. Now, it is Lakshmi Mittal who extended his love to his younger brother with four times the amount Mukesh Ambani paid for his younger brother.
Lakshmi Niwas Mittal the steel tycoon has paid ₹1,600 crore to help his debt-ridden young brother. Lakshmi Mittal paid ₹1,600 crore — a significant part of the Rs 2,210 crore due from Pramod Kumar Mittal.
According to reports, to avert legal proceedings, L N Mittal helped his cash-strapped younger brother Pramod Kumar Mittal clear dues he owed the State Trading Corporation of India Ltd.
Pramod Kumar Mittal, Owner of Global Steel Holding, thanked his elder brother L N Mittal for helping him to clear the dues same like the younger Ambani.
“I am very grateful to my brother Lakshmi Mittal for helping settle the liabilities to State Trading Corporation of India NSE 0.67 %. This generosity ensured compliance with the order from the Supreme Court,” he told PTI.
Blood is thicker than water.
After Mukesh, it’s turn of Lakshmi Mittal rescuing brother Pramod Mittal.
Genes are same… Deeds differentiate.
— Amit Gadre (@Longterm_wealth) March 27, 2019
Indians always believe in family bondings. Huge amount.
— Asha Bisht (@AashaBisht) March 26, 2019
Good to see families supporting each other … and this is the need of the hour.
— Nationalist (@SatyaDevGuru) March 26, 2019
Lakshmi Mittal to
Mukesh Ambani* pic.twitter.com/XxVy2XfMdB
— M.E.M.E.S. (@maymay007__) March 27, 2019