The market capitalization of the Reliance Group led by Anil Ambani has increased by more than 1000% in less than 3 months.
The group’s market capitalization, which stood at Rs. 733 Cr in March, jumped to Rs 3890 Cr. In May 2021, and Rs 7866 Cr. On the last trading day of this week, i.e. June 18, 2021.
The market capitalization of the group companies, Reliance Infrastructure, Reliance Power and Reliance Capital has more than doubled in the last 20 business days.
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Reliance Power’s market capitalization now stands at Rs. 4,446 Cr., Reliance Infrastructure at Rs. 2767 Cr and Reliance Capital at 653 Cr.
Almost 50 lakh from retail investors from Reliance Infrastructure, Reliance Power and Reliance Capital have benefited from this increase in share prices.
Reliance Group, led by Anil Ambani, has the largest family of retail shareholders in India, with around 33 lakh of retail shareholders in Reliance Power, 9 lakh in Reliance Infrastructure and 8 lakh in Reliance Capital.
During the last two years, while the FII / MF exited the group companies and the lenders who had invoked pledge shares sold the same in the markets, the retail investors chose the same.
The rise in share prices of the Reliance Group companies led by Anil Ambani has been supported by several significant positive developments in the group companies, in the last 3 weeks.
Reliance Infrastructure recently announced the 550 Cr fundraiser from the developer group and VSFI Holdings Pte. Ltd, a subsidiary of Varde Investment Partners, LLP.
In another significant development, Reliance Power announced the preferential issue of equity shares and warrants to its promoter company, Reliance Infrastructure, adding Rs. 1325 Cr., To convert debt into equity.
Notably, the Reliance Capital Group company, Reliance Home Finance is also in the final stage of monetizing its assets, as Authum Investment and Infrastructure, with a bid value of Rs. 2887 Cr has emerged as the successful bidder for its assets. This will reduce Reliance Capital’s debt by more than 11,000 Cr., Which will give a great boost to the company and its investors.
Reliance Capital has received more than 70 offers for its multiple assets, including P&C, health insurance, life insurance and securities businesses, in addition to its private equity investment in companies such as Paytm Ecommerce and Nafta Innovations.
In the past two years, benchmark indices have hit new highs, but shares of Reliance group companies led by Anil Ambani mostly lagged, now, in recent months, with the new announcements and change in events, the mood is turning positive, leading to a rise in share prices. .