Ambani groups gain Rs 90k crore on UPA mandate

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Mumbai, May 24 (PTI) India's Ambani brothers — Mukesh and
Anil — have emerged among the biggest beneficiaries of the
people's mandate in favour of the Congress-led UPA government
as their group companies added close to Rs 90,000 crore of
wealth in just five trading sessions after the results were
declared.

While market valuation of the Anil Ambani group rose by
over 35 per cent, that of the companies belonging to the group
led by elder brother Mukesh improved by over 12 per cent,
against an overall market appreciation of close to 20 per cent
during this period.

As a result, the nine listed companies of the two groups
together accounted for about 12 per cent of the total gain in
the overall investors' wealth, measured in terms of total
market capitalisation of all the listed entities.

In absolute terms, Mukesh Ambani group recorded a bigger
gain of over Rs 44,000 crore, against a gain of about Rs
43,800 crore for the Anil Ambani group.

In five trading sessions between May 18 and May 22 — after
results of the general elections were declared on May 16 — the
overall investor wealth rose by about Rs 7,51,000 crore — from
Rs 38,07,000 crore to close to Rs 45,60,000 crore.

Markets were closed on May 16 and the next day because of
weekend holidays and the first trading after the election
results was held on May 18.

Since the poll outcome came in favour of a second term
for the UPA government to be headed by Manmohan Singh, the
Ambani groups together have seen their market cap rise by over
Rs 88,000 crore — from about Rs 4,84,500 crore before the
announcement of the election results to close to Rs 5,73,000
crore now.

Separately, the collective market-cap of three Mukesh
Ambani group firms — Reliance Industries, Reliance Petroleum
and Reliance Industrial Infrastructure Ltd — has increased to
close to Rs 4,07,000 crore.

At the same time, the total market-cap of six Anil Ambani
group firms — Reliance Communications, Reliance Capital,
Reliance Power, Reliance Infra, Reliance Natural Resources Ltd
and Adlabs Films — has increased to about Rs 1,66,400 crore.

Among the companies from the two groups, the biggest rise
in terms of percentage terms has been recorded by Reliance
Capital, the market cap of which has surged by over 52 per
cent during this period.

But in absolute terms, Reliance Industries has recorded
the biggest gain of close to Rs 37,000 crore. RIL is the
country's most-valued firm with a market-cap of about Rs
3,43,500 crore.

In the Anil Ambani group, Reliance Communications is the
most-valued firm with a market-cap of close to Rs 65,000
crore.

None of the companies from the two groups saw a decline
in their market-cap during this period. PTI BJ
AM