THE ADANI JUGGERNAUT
Nov 11, 2021
4 minutes
BY RAHUL OBEROI
Billionaire Gautam Adani-led Adani Group has created enormous wealth for investors amid the ongoing rally in the domestic equity market. Since the last (2020) edition of the BT500, the cumulative 12-month average market capitalisation (mcap) of the group has soared to over ₹6.11 lakh crore as of September 30, 2021, from ₹1.93 lakh crore on the same day in 2020. Out of the six listed entities, five have more than doubled investors’ wealth during the same period.
Except for a brief period in July when there was confusion about the concentrated ‘overseas investor’ shareholding, which seemed to have been blocked by the National Securities Depository Limited (NSDL) for some time,
You’re reading a preview, subscribe to read more.
Start your free 30 days