The wealth of Gautam Adani, head of the Adani Group, which is involved in the business from ports to power, has come down to $ 50 billion. According to the data of the Bloomberg Billionaire Index on Monday, February 20, Gautam Adani's assets are $ 49.1 billion and he has come at number 25 on the list of the world's rich. On the other hand, according to the Forbes Real Time Billionaire List, Gautam Adani is number 25 with a net worth of $47.6 billion.
The wealth gap between Gautam Adani and Reliance Industries (RIL) chairman Mukesh Ambani is also increasing. According to the Bloomberg Billionaires Index, Mukesh Ambani is ranked 11th in the global rich list with a net worth of $83.6 billion. However, according to the Forbes Real Time Billionaires list, Ambani is in the 8th position with a net worth of $86 billion.
Shares of Adani Group Adani Green Energy, Adani Total Gas, Adani Transmission, and Adani Enterprises needed a respective 410 percent rise to hit their 52-week highs. Currently, Adani Green Energy's share is trading at Rs 606.45 on the Bombay Stock Exchange on Monday, while Adani Total Gas' share is trading at Rs 925.10. On the other hand, shares of Adani Transmission and Adani Enterprises are trading at Rs 873.90 and Rs 1,623.65 per share, respectively, on BSE in early trade on Monday.
Adani Group's market cap reached below $ 100 billion
The market capitalization (MCAP) of billionaire Gautam Adani-led Adani Group fell below $100 billion on Monday. Since the release of the Hindenburg Research report in late January, Adani Group shares have lost over $135 billion in market cap.
The group's market cap was $ 290 billion in September last year, which has declined by about $ 200 billion so far.
Selling continued in most of the group's shares on Monday (20 February 2023). Shares of Adani Enterprises, the flagship company of the group, declined by 9.4 percent.
Also Read: Dunzo Layoffs: Layoffs continue in startup companies, Google-backed Dunzo lays off 3% employees
Queen 2: Big update on Kangana Ranaut's 'Queen 2', script of the film's sequel ready
Bollywood actress Kangana Ranaut remains in the news for her films. Kangana will soon be seen in
BJP leader and former MP Brijbhushan Sharan Singh has launched a scathing attack on Indian wrestl
The government has also swung into action regarding the skyrocketing prices of tomatoes. Consumer
UP Legislature Session: CM Yogi again lashed out at SP, said – these people raised the mafia
On the size of the budget presented for the financial year 2023-24, UP Chief Minister Yogi Aditya
The Supreme Court will hear on Friday the petitions filed regarding the Adani-Hindenburg dispute.
Indian all-rounder Hardik Pandya unleashed a devastating performance in the 5th T20 against South
Weather Update Today: India Meteorological Department has issued a warning of heavy rain for 10 d
Prime Minister Narendra Modi has left for Russia. Special pictures emerged from Kazan before the
Britain's Sunak government has reached an agreement with the European Union to resolve a trade di
The life of the country's reputed industrialist Ratan Tata was very simple. He used to stay in hi
