Reliance ADA Group's market cap crosses Rs 2,00,000 cr USD 50 bn mar

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Mumbai, Sep 25 (UNI) Anil Ambani-controlled Reliance ADA Group's market capitalisation today crossed Rs 200,000 crore or 50 billion US Dollars mark.

Reliance ADA Group has also turned out 'Youngest and Fastest Indian Corporate to reach the Rs 2,00,000 crore or USD 50 billion market capitalization mark in 2 years of formation, market sources said.

Reliance ADA Group, the 3rd Indian Corporate to cross Rs 2,00,000 crore USD 50 billion market cap mark, anaylsts said.

Reliance ADA Group market Cap added close to USD 2 billion every month to shareholders wealth post-demerger (monthly average of shareholder wealth creation).

The Group companies Reliance Capital (RCAP), Reliance Energy (REL), RNRL and Relinace Communication (RCOM) hit a new lifetime high today.

Reliance ADA Group added USD 7 billion or Rs 28,000 crore to shareholder wealth in 6 trading days (as on Sept 14 closing).

The Group also added over USD 1.16 billion or Rs 4,665 crore every trading day for last 6 trading days so far.

According to the analysts, the Group Market Cap of Reliance ADA went up by USD 15 billion or Rs 60,000 crore in 3 months (from June 11).

The 30-scrip Sensex today spurted by 281.60 points on the Bombay Stock Exchange (BSE) to settle at 16,845.83 after hitting a life-time high of 16,869.64 as foreign institutional investors (FIIs) continued to pump in funds in index pivotals, buoyed by positive global cues and strenghtening fundamentals of the Indian economy.

Similarly, the National Stock Exchange (NSE) S&P CNX Nifty also surged by around 95 points to settle above the 4,900 level at 4,932.20 after striking an all-time high of 4,941.15.

UNI

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