Anil Ambani's Reliance Group's market cap rises 1,000 per cent to Rs. 3,000 crore

Mumbai, Dt

The market cap of Anil Ambani's Reliance Group, one of the country's top industrialists who went bankrupt at one time, has risen by 1,000 per cent to Rs. 2,000 crore. The market cap of Reliance Group companies has risen sharply on the back of positive factors. Reliance Group's market cap rose to Rs. 3 crore, which increased to Rs. 2,50 crore and on the last trading day of the week on June 15, 2021, Rs. 2.5 crore.

The market cap of Anil Ambani-led Reliance Group companies Reliance Infrastructure, Reliance Power and Reliance Capital has more than doubled in the last 20 trading days. Reliance Power's market cap is currently Rs. 4.5 crore, Reliance Infrastructure's Rs. 4.5 crore and Reliance Capital's Rs. 3 crore. Reliance Capital's price on BSE rose to Rs. 11.05 crore to Rs. 6.15. Reliance Infrastructure is also priced at Rs. 2.5 to Rs. 102.50. Reliance Power's price rises to Rs. 2.5 to Rs. 12.5.

Reliance Infrastructure, Reliance Power and Reliance Capital have an estimated 3 million retail investors, who have maintained their faith in the group and have also seen a phenomenal increase in their assets. Reliance Group has the largest number of retail investors in India. Reliance Power has 3 lakh retail shareholders, Reliance Infrastructure has 3 lakh and Reliance Capital has 3 lakh.

In the last few years, FIIs / mutual funds have parted ways with Reliance Group companies and lenders with Reliance shares have sold their shares in the market, which were bought by retail investors. As the market cap of Anil Ambani's group companies has increased, so has the wealth of retail investors.

Shares of Reliance Group companies have risen in the last three weeks on the back of various positive factors and positive growth in the group companies. VSFI Holdings Pvt. Ltd. from Reliance Infrastructure Promoter Group and Verde Investment Partners, LLP. Ltd. from Rs. It had announced a fund of Rs 50 crore. In addition, Reliance Power has invested Rs. 1 crore in its promoter Reliance Infrastructure to convert the debt into equity. Announced a preferential issue of equity shares and warrants to raise Rs 1.5 crore. Reliance Capital Group Company, Reliance Home Finance is also in the final stages of monetization of their assets. For its assets, Authom Investment and Infrastructure has raised Rs. Has emerged as the most successful bidder with a bid value of Rs 4.5 crore. With this, Reliance Capital's debt has come down to Rs. 11,000 crore. The recent decision by Axis Bank and Yes Bank to remove the red flag classification of Reliance Capital's account was another major milestone in reducing Anil Ambani's Reliance Group debt and paving the way for the monetization of Reliance Capital's assets.