The market value of Reliance Group has increased by 1,000% to almost Rs 8,000 crore

In less than three months, the market value of Anil Ambani’s Reliance Group has increased by almost 1,000%. The group’s market cap increased from Rs 733 crore in March to Rs 3,890 crore in May 2021, and Rs 7,866 crore on the last trading day of this week, June 18, 2021.

Over the previous 20 trading days, the market value of the group firms, Reliance Infrastructure, Reliance Power, and Reliance Capital, has more than doubled.

Reliance Power’s market capitalization is currently Rs 4,446 crore, Reliance Infrastructure’s is Rs 2,767 crore, and Reliance Capital’s is Rs 653 crore.

This massive wealth creation has benefited almost 50 lakh retail investors in Reliance Infrastructure, Reliance Power, and Reliance Capital who have maintained their confidence in the organisation.

With around 33 lakh retail shareholders in Reliance Power, 9 lakh in Reliance Infrastructure, and 8 lakh in Reliance Capital, the Reliance Group has the biggest family of retail shareholders in India.

In the previous three weeks, the increase in the stock prices of Reliance Company companies has been accompanied by a number of important positive developments across the group.

Reliance Infrastructure announced a Rs 550 crore capital raising from the promoter group and VSFI Holdings Pvt Ltd, an associate of Varde Investment Partners, LLP.

Another major event was the announcement by Reliance Power of a preferential offer of equity shares and warrants to its promoter firm, Reliance Infrastructure, totaling Rs 1,325 crore, in order to convert debt to equity.

Reliance Home Finance, a Reliance Capital Group subsidiary, is also nearing the end of its asset monetisation process, with Authum Investment and Infrastructure emerging as the successful bidder for its assets with a bid value of Rs 2,887 cr. This would lower Reliance Capital’s debt by more than Rs 11,000 crore, providing a significant boost to the firm and its investors.

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