adani: Adani Group leads Tata Group in m-cap

Adani Group have become India’s most valuable trader in terms of the market value of their companies, surpassing Tata group. The completion of the acquisition of Ambuja Cement and helping Adani surpass the Tata Group.

Adani Group’s combined market capitalization, including newly acquired Ambuja and ACC, stood at 22.25 lakh crore ₹ on Friday. The total market value of all Tata Group companies is ₹20.81 lakh crore. On Friday, the 9 listed companies of the Adani group lost a total market capitalization of ₹40,000 crore while the market capitalization of the Tata Group fell by almost 60,000 crore. Led by Mukesh Ambani

comes in third place with a market value of ₹17.07 lakh crore.

Based on Forbes real-time billionaires list, president of Adani . corporation Gautam Adani pass a short time AmazonJeff Bezos is the second richest person in the world. However, LVMH founders Bernard Arnault and his family took second place on the list on Friday following a sell-off in Adani Group shares. According to Forbes’ Real-time Billionaires List at the time of publication on Friday, Tesla’s Elon Musk is the richest person in the world with a net worth of $269.1 billion. Arnault, the French business magnate, is worth $153.9 billion while Gautam Adani and his family are worth $152.2 billion.

Excluding ACC and Ambuja Cement, the market capitalization of the Adani Group has increased by nearly 10.16 lakh crore this year thanks to strong share prices of most of its companies. During this period, Tata Group lost ₹2.57 trillion in market capitalization as its flagship company

down more than 17%.

On Friday, based in Switzerland Holcim said it had completed the sale of its business in India to Adani Group for $6.4 billion.


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