Adani equals Ambani: Gautam Adani equals Mukesh Ambani, both have assets of Rs 6.63 lakh crore

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Adani Group chairman Gautam Adani and Reliance Industries owner Mukesh Ambani are now on equal footing in terms of assets. The assets of both are Rs 6.63-6.63 lakh crore. In dollars it is $89 billion. The two business tycoons are now the richest and on equal footing in Asia.

On Wednesday, the total market capitalization of Adani Group firms stood at Rs 10 lakh crore. At the same time, the market cap of Reliance Industries came down to Rs 14.91 lakh crore. Reliance is ahead in terms of market cap, but Gautam Adani’s stake in own companies is higher than Ambani’s stake in Reliance Group companies. Because of this he has become richer than Ambani.

Mukesh Ambani holds 50.61% stake in Reliance Industries while Adani holds 70.59% stake in his companies. His stake in 3 companies of Adani is 74.92% while in one company it is 74.80 and in 2 companies it is 60-64%.

Market capitalization is calculated by multiplying the number of shares by the current price of the share. Whereas the net worth is the net worth after deducting the liabilities from the assets of the individual or corporation.

Reliance shares fall as Saudi Aramco deal breaks down
Reliance’s shares have been seeing a steady decline since the break of the $ 15 billion deal with Saudi Aramco. This decline continued on Wednesday as well. On Wednesday, Reliance’s stock closed at Rs 2,350.90, down 1.48% on the BSE. Due to this, assets worth Rs 22,000 crore of investors were wiped out. Mukesh Ambani suffered a loss of Rs 11,000 crore from this.

Reliance still the most valuable firm
After the fall in the shares of Reliance, its market capitalization came down to Rs 14.91 lakh crore. However, it is still the most valuable firm in India. The share of Reliance Industries Infrastructure, another listed company owned by Mukesh Ambani, fell 1.57% to Rs 613.85. After this fall, its market cap rose to Rs 926.91 crore.

Adani’s net market cap increased by Rs 4,250 crore
Adani Group firms on Wednesday saw an increase of Rs 12,000 crore in gross market cap and Rs 4,250 crore in net market cap. On Wednesday, the stock of Adani Enterprises closed at Rs 1754.65 with a rise of 2.76% in the market. This took the company’s market cap to Rs 1,92,978.18 crore.

  • Shares of Adani Port closed at Rs 762.75, up 4.59%. This took the company’s market cap to Rs 1,55,734 crore.
  • Adani Power closed at Rs 105.95 with market cap at Rs 40,864.27 crore.
  • Shares of Adani Transmission fell 0.85% to Rs 1924.45, Adani Green Energy fell 1.37% to Rs 1387.7 and Adani Total Gas fell 1.58% to Rs 1,648.35.
  • The market cap of the two companies is above Rs 2 lakh crore. Of this, the market cap of Adani Transmission is Rs 2.11 lakh crore and that of Green Energy is Rs 2.17 lakh crore.

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