Ambanis see Rs 1 trillion m-cap erosion

The 1,500 points fall in the BSE Sensex from its all-time high level of 21,207 on January 10 has shaved over Rs 1,00,000 crore from the market values of the two Ambani brothers' stocks.

The Anil Dhirubhai Ambani Group (ADAG), which is raising Rs 11,700 crore through the public offer of Reliance Power, has seen a value erosion of Rs 48,000 crore in the last seven days.

The aggregate market capitalisation of five ADAG group companies "" Reliance Energy, Reliance Capital, Reliance Communications, Reliance Natural Resources and Adlabs Films "" has declined by 13.45 per cent or Rs 48,077 crore from its all-time high level of Rs 3,57,515 crore to Rs 3,09,438 crore on Thursday.

On the other hand, the market wealth of three Mukesh Ambani Reliance group companies "" Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure "" has declined by 9.47 per cent or Rs 56,244 crore to Rs 5,37,950 crore (Rs 5,94,194 crore).

The Sensex has declined 7.10 per cent or 1,505.95 points from its lifetime high of 21,206.77 on January 10 to close at 19,700.82 on Thursday.

The total m-cap of the actively traded stocks on BSE has eroded by Rs 611,444 crore from its all-time high of Rs 75,33,789 crore to Rs 69,22,345 crore on Thursday. The Ambani brothers also accounted for 16 per cent fall in market capitalisation.

While Adlabs Films, the largest loser among the ADAG group companies,has declined by 17 per cent, Reliance Energy has fallen 5.9 per cent, Reliance Communications 13.6 per cent and Reliance Capital 11 per cent.

Among the Mukesh Ambani promoted Reliance group, Reliance Petroleum is the largest loser (15.6 per cent). Reliance Industries has declined 7.9 per cent.