[enitihas]

It can't grab the Chinese shares without angering China, and anyone in the whole wide world would rather anger any billionaire than China.

> Under what pretence would they grab Ambani's property?

If there is no existing law, government can make laws. I mean the government did nationalize so many banks at once right? The government is sovereign. The amount of power it holds over it's own people, even the richest ones, is far far higher than what it holds over another strong sovereign state.

Anyways this was all about power. There are so many other reasons for ensuring someone in the country holds the wealth rather than your competitor.