New Delhi, May 27 (pti): Reliance Industries chairman Mukesh Ambani is now the only trillionaire in the country. A sharp surge in the share prices of his group companies has helped him cross the landmark.
The combined market capitalisation of the four Mukesh Ambani-group companies — RIL, Reliance Petroleum, Indian Petrochemicals Corporation Ltd and Reliance Industrial Infrastructure Ltd — has crossed the Rs 2,50,000-crore mark. The promoter holding in these companies is over Rs 1,30,000 crore.
Younger brother Anil Ambani is also close to the landmark. He has around Rs 90,000 crore of wealth in the stock market through his holdings in various group companies. The investor wealth in the four Anil Ambani- group firms — Reliance Communications, Reliance Capital, Reliance Energy and Reliance Natural Resources Ltd — has reached Rs 1,42,384 crore, while the total promoter holding is estimated at Rs 87,000 crore.
Mukesh Ambani, based on his direct and indirect holdings in the group companies, is estimated to have control of shares worth Rs 1,11,000 crore. The wealth of the two brothers also includes the value of shares held in the names of their children, wives and holding firms.