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
Israel Hamas War: 'Israel can take its own decisions', Biden blunt about the ground attack on Gaza
It has been more than two weeks since the conflict between Israel and Hamas started. The death to
Gujarat Titans have secured their seventh win in the current season of IPL. He defeated Rajasthan
The recent order of the Supreme Court to remove stray dogs from the streets of Delhi-NCR and send
18-year-old D Gukesh needs no introduction now. He has etched his name in history by winning the
In his first address to the 18th Lok Sabha after Om Birla was elected Speaker of the Lok Sabha, P
The war between Israel and Hamas is continuously increasing. Many people have died in this war so
A dispute has erupted between the ASI and the Waqf Board over the ownership of monuments. The Arc
Around 12:45 AM on January 31st, indiscriminate firing took place at the Juhu residence of Bollyw
Gautam Buddha Nagar is now being recognized internationally in the field of education as well. Ev
Shimla Masjid Case: The dispute over Sanjauli Masjid in Shimla, the capital of Himachal Pradesh,
