Just a little over a year since its birth, Anil Dhirubhai Ambani Group has moved into the elite group of corporates that boast of more than Rs 1,00,000 crore (Rs 1000 billion) market capitalisation, making its chairman Anil Ambani the third richest person in the country.
Following the increase in the group's market cap, Anil Ambani's wealth, measured in terms of his shareholding in group companies as on September 29, is being pegged at Rs 59,186 crore (Rs 591.86 billion).
He follows Wipro's Azim Premji and Reliance Industries' Mukesh Ambani, who are believed to have net worth of Rs 60,948 crore (Rs 609.48 billion) and Rs 60,190 crore (Rs 601.9) billion, respectively.
ADAG has become the country's fifth biggest corporate group, with a combined market cap of more than Rs 1,06,000 crore (Rs 1060 billion) after the Tata Group, Reliance Industries, NTPC and Infosys, following a sharp increase in the m-cap of its group company Reliance Communications.
When contacted, an ADAG spokesperson confirmed that the group has achieved a market cap of over Rs 1,00,000 crore (Rs 1000 billion) following the increase in Reliance Communications' total authorised share capital and market cap.
The market cap of the ADAG telecom venture, Reliance Communications, increased to Rs 70,866 crore (Rs 708.66 billion), from about Rs 42,400 crore (Rs 424 billion) previously, as a result of an increase in the total number of shares � which the company spokesperson said -- was recently approved by stock exchanges.
According to the data available with the stock exchanges, Reliance Capital's current market cap stands at Rs 16,221 crore (Rs 162.21 billion), Reliance Energy at Rs 14,703 crore (Rs 147.03 billion), Reliance Natural Resources at Rs 2,995 crore (Rs 29.95 billion) and Adlabs Films at Rs 1,364 crore (Rs 13.64 billion).
However, while the Anil Dhirubhai Ambani Group has a market cap of over Rs 1,00,000 crore (Rs 1,000 billion) on a consolidated basis, companies like ONGC, RIL, NTPC and Infosys have market cap of over Rs 1,00,000 crore (Rs 1,000 billion) on stand alone basis.
The market cap of the Tata Group is believed to be above Rs 2,00,000 crore (Rs 2,000 billion). TCS had also achieved a market cap of more than Rs 1,00,000 crore (Rs 1,000 billion) on stand alone basis, but slipped to Rs 99,973 crore (Rs 999.73 billion) on September 29.
Wipro is the only company to have achieved a stand alone market cap of over Rs 2 lakh crore (Rs 2 trillion), which it had reached in February 2000. However, Wipro's current market cap stands at about Rs 75,300 crore (Rs 753 billion).
According to the current market cap of the top 10 companies on stand alone basis, Reliance Communications is at the eighth position ahead of tobacco and FMCG major ITC and private sector banking major ICICI Bank.
State-run energy giant ONGC leads the club with a market cap of over Rs 1.66 lakh crore (Rs 1 trillion approximately), followed by Reliance Industries, NTPC, Infosys, TCS, Bharti Airtel and Wipro.
Source : BS
Following the increase in the group's market cap, Anil Ambani's wealth, measured in terms of his shareholding in group companies as on September 29, is being pegged at Rs 59,186 crore (Rs 591.86 billion).
He follows Wipro's Azim Premji and Reliance Industries' Mukesh Ambani, who are believed to have net worth of Rs 60,948 crore (Rs 609.48 billion) and Rs 60,190 crore (Rs 601.9) billion, respectively.
ADAG has become the country's fifth biggest corporate group, with a combined market cap of more than Rs 1,06,000 crore (Rs 1060 billion) after the Tata Group, Reliance Industries, NTPC and Infosys, following a sharp increase in the m-cap of its group company Reliance Communications.
When contacted, an ADAG spokesperson confirmed that the group has achieved a market cap of over Rs 1,00,000 crore (Rs 1000 billion) following the increase in Reliance Communications' total authorised share capital and market cap.
The market cap of the ADAG telecom venture, Reliance Communications, increased to Rs 70,866 crore (Rs 708.66 billion), from about Rs 42,400 crore (Rs 424 billion) previously, as a result of an increase in the total number of shares � which the company spokesperson said -- was recently approved by stock exchanges.
According to the data available with the stock exchanges, Reliance Capital's current market cap stands at Rs 16,221 crore (Rs 162.21 billion), Reliance Energy at Rs 14,703 crore (Rs 147.03 billion), Reliance Natural Resources at Rs 2,995 crore (Rs 29.95 billion) and Adlabs Films at Rs 1,364 crore (Rs 13.64 billion).
However, while the Anil Dhirubhai Ambani Group has a market cap of over Rs 1,00,000 crore (Rs 1,000 billion) on a consolidated basis, companies like ONGC, RIL, NTPC and Infosys have market cap of over Rs 1,00,000 crore (Rs 1,000 billion) on stand alone basis.
The market cap of the Tata Group is believed to be above Rs 2,00,000 crore (Rs 2,000 billion). TCS had also achieved a market cap of more than Rs 1,00,000 crore (Rs 1,000 billion) on stand alone basis, but slipped to Rs 99,973 crore (Rs 999.73 billion) on September 29.
Wipro is the only company to have achieved a stand alone market cap of over Rs 2 lakh crore (Rs 2 trillion), which it had reached in February 2000. However, Wipro's current market cap stands at about Rs 75,300 crore (Rs 753 billion).
According to the current market cap of the top 10 companies on stand alone basis, Reliance Communications is at the eighth position ahead of tobacco and FMCG major ITC and private sector banking major ICICI Bank.
State-run energy giant ONGC leads the club with a market cap of over Rs 1.66 lakh crore (Rs 1 trillion approximately), followed by Reliance Industries, NTPC, Infosys, TCS, Bharti Airtel and Wipro.
Source : BS