Debating India
Home page > Photocopieuse > Mukesh Ambani is India’s first trillionaire

Mukesh Ambani is India’s first trillionaire

Monday 28 May 2007

Anil Ambani is closely behind him in wealth

New Delhi: A sharp surge in share prices of his group companies has earned Reliance Industries Chairman Mukesh Ambani a rare distinction of being the only trillionaire in the country with over Rs. 1,00,000 crore of wealth through his shareholdings.

His younger brother Anil Ambani is also trailing behind closely with close to Rs. 90,000 crore of wealth in the stock market through his holdings in various group companies. The combined market capitalisation of the four Mukesh Ambani Group companies — RIL, Reliance Petroleum (RPL), IPCL and Reliance Industrial Infrastructure Ltd has crossed the Rs. 2,50,000-crore mark. The total promoter holding in these companies is worth over half at about Rs. 1,30,000 crore. The total investors’ wealth in the four Anil Ambani Group firms — Reliance Communications, Reliance Capital (RCL), Reliance Energy (REL) and Reliance Natural Resources Ltd has reached Rs. 1,42,384 crore, while total promoter holding is estimated at about Rs. 87,000 crore. While Mr. Anil Ambani holds control of most of these shareholdings, his stakes in some other listed companies such as Adlabs Films takes his total wealth in capital market to around Rs. 90,000 crore. Mr. Mukesh Ambani, based on his direct and indirect holdings in various group companies, is estimated to have control of about Rs. 1,11,000 crore worth shares. — PTI

See online : The Hindu

SPIP | template | | Site Map | Follow-up of the site's activity RSS 2.0