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The two Reliance groups, headed by Mukesh Ambani and Anil Ambani, have seen their respective market values skid by about Rs 10,000 crore each in a week’s time. With two listed companies, the Mukesh Ambani-led Reliance Industries saw its market capitalisation drop by about Rs 10,700 crore to Rs 2.63 lakh crore at the end of last week.
Reliance Industries Limited (RIL) accounted for most of this loss, as the group’s other listed entity, Reliance Industrial Infrastructure Ltd, commands a total market value of less than Rs 500 crore.
The shares of all six listed entities of the Anil Ambani-led Reliance Group came under selling pressure last week and saw their cumulative market value slump Rs 9,600 crore, to close at Rs 45,620 crore. The fall in most of the shares from the two groups was steeper than the three per cent dip in the market benchmark Sensex over the past week.
The six listed companies from the Reliance Anil Dhirubhai Ambani Group are Reliance Communications, Reliance Power, Reliance Infrastructure, Reliance Capital, Reliance MediaWorks and Reliance Broadcast Network Ltd.
Among these, Reliance Power saw the steepest decline of Rs 3,395 crore in its market capitalisation, as the shares tanked about 16 per cent to touch their lowest level of Rs 61.05 on Friday. The market value of RCom also plunged Rs 2,590 crore to Rs 11,156 crore, with its shares tumbling 18.8 per cent. Reliance Infrastructure’s m-cap tanked Rs 2,113 crore, while Reliance Capital lost Rs 1,440 crore of market worth.
The market-cap of Reliance Media fell by Rs 49 crore, while that of Reliance Broadcast slipped Rs 25 crore.
