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HomeBusinessAdani Beats Ambani: Gautam Adani's Adani Group overtakes Mukesh Ambani's Reliance Group

Adani Beats Ambani: Gautam Adani’s Adani Group overtakes Mukesh Ambani’s Reliance Group

Adani Group Beats Reliance Group: The Adani Group of the world’s fourth richest person Gautam Adani has overtaken Mukesh Ambani’s Reliance Group in terms of market capitalization of companies listed on the stock market. Seven companies of the Adani group are listed in the stock market, whose market capital has reached Rs 19.73 lakh crore, while the market cap of Mukesh Ambani’s companies is Rs 17.82 lakh crore.

Adani leaves Reliance behind
Seven companies of the Adani Group are listed in the stock market with a market capitalization of Rs 19.73 lakh crore. While the market capital of Mukesh Ambani’s Reliance Group companies is Rs 17.82 lakh crore. By the way, the Tata group is the largest group in the country in this matter, with a market cap of Rs 22.05 lakh crore.

Adani group companies gave huge returns
Seven companies of the Adani Group are listed in the stock market, in which Adani Power has 333 percent, Adani Total Gas has 98 percent, Adani Green 98 percent, Adani Transmission 107 percent, Adani Ports 17 percent, Adani Enterprises 81 percent in the current year. And Adani Wilmar has given a return of 217 per cent. However, the Adani group also has a debt of Rs 2.2 lakh crore, which used to be Rs 1.55 lakh crore a year ago.

However, on August 29, 2022, there is a meeting of the 45th AGM (Annual General Meeting) of Reliance Industries. And from now on, speculations are being made about the agenda of this meeting. It is believed that big announcements can be made in this time’s AGM meeting. In which announcements from Reliance Jio’s IPO to Reliance Retail’s IPO (Reliance Retail IPO) are included. If this happens, there can be a huge increase in the market capitalization of Reliance Group in the coming days.

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