Anil makes a killing

Market cap of Reliance Capital rose by Rs 581cr yesterday.

Anil Ambani's proposed personal investment of Rs 3,000 crore in Reliance Capital and Reliance Energy has fetched him a notional gain of Rs 730 crore within a day.

The market capitalisation of Reliance Capital, in which Anil has proposed to invest Rs 2,000 crore, appreciated by Rs 581 crore today. The notional gain on his Rs 1,000-crore investment in Reliance Energy is Rs 149 crore.

Reliance capital surged 30 per cent today to close at Rs 294.20 from its Friday's close of Rs 235.75. Anil had proposed to buy 8.77 crore shares of the company at a price of Rs 228 per share.

At the current price level of Rs 294.20, the value of his investment rose from Rs 2,000 crore to Rs 2,581 crore today.

Reliance Energy gained 11.3 per cent on the bourses to close at Rs 658.25 from the Friday's close of Rs 591.25. Anil proposed to buy 1.74 crore shares of the company at a price of Rs 574 per share.

At the current price level of Rs 658.25, Anil's notional wealth from his REL investment was up 14.7 per cent to Rs 1,149 crore.

Two days after the formal separation, Reliance Capital and Reliance Energy, now under Anil, stole a march at the stock exchanges over Reliance Industries and IPCL, run by Mukesh Ambani.