Monday, July 9, 2007

Anil too joins the party!!!

Few months ago Mukesh Ambani became the first trillionaire of India, chasing him in the wealth race the younger brother Anil also joined the exclusive trillionaire club with personal riches of over Rs 1,00,000 crore in terms of his shareholding in various group companies.

As per the closing prices on Friday at the Bombay Stock Exchange, the value of Anil Ambani share was worth Rs 1,00,334 crore while market capitalisation of his group soared to Rs 1,62,930 crore.

While the wealth of Mukesh Ambani was upwards of Rs 1,15,000 crore, the share of Anil Ambani group companies - Reliance Communication and Reliance Capital - touched an all-time high of Rs 551 crore and Rs 1,149 crore respectively, resulting in the increase in wealth.

Market capitalisation of flagship Reliance Communication was placed at Rs 1,12,657 crore, of which promoters holding is 67 per cent giving Anil Ambani a wealth of Rs 74,354 crore.

Likewise, Reliance Capital market capitalisation was Rs 28,219 crore of which Anil Ambani's share was 53 per cent at a value of about Rs 15,000 crore.

This, along with the shares in Reliance Energy, Reliance Natural Resources Ltd and elder brother's Reliance Industries Ltd (Rs 2,856 crore) took the combined wealth of Anil Ambani to over Rs 1,00,000 crore.

K P Singh, chairman of recently listed real estate giant DLF, is close behind with the wealth of about Rs 85,000 crore in terms of market capitalisation of his share in the group company as per the closing at BSE on Friday. (Agencies)
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