Gautam Adani's 7th company listed in the stock market

Business News : Gautam Adani's seventh company has also finally been listed in the Indian stock market. The share of 'Adani Wilmar' got listed at a marginal discount of Rs 221 in comparison to the issue price. Its IPO price was fixed at Rs 230. After listing, it declined around 4%. Well, this is what happens in the beginning. With this, the market cap of the total companies of Adani Group has now increased to Rs 11.46 lakh crore.

The Rs 3,600-crore public issue had seen good response from investors. Incorporated in 1999, as a joint venture between the Adani Group and the Wilmar Group, Adani Wilmar offers a wide array of packaged foods, including edible oil, wheat flour, rice, pulses, besan, soya chunks, ready-to-cook khichdi and sugar, under a diverse range of brands to cater to various price points, including "Fortune", the flagship brand, which is the largest selling oil brand in India.

After this Gautam Adani is now ahead of Mukesh Ambani by Rs 21,000 crore. Ambani's assets are Rs 6.66 lakh crore, while that of Adani is Rs 6.87 lakh crore. Adani Wilmar is a joint venture between foreign company Wilmar and Adani Group. Both held 50-50% stake. After the issue, this stake came down to 87.92%. Adani's stake in this will be around 44%. With this, there will be an increase of about 13 thousand crore rupees in the assets of Gautam Adani. By the way, Gautam Adani had already gone ahead of Mukesh Ambani. Even before that it happened for some time one day. The gap between the two has widened after the seventh company was listed. Adani Group owner Gautam Adani is at number ten in the list of the world's rich, while Mukesh Ambani is now the richest businessman at number 11.

Gautam Adani 7th company listed in the stock market

Mukesh Ambani was out of the top 10 rich list on 6 January 2021. Then they also came back in it on 23 September 2021. On 16 October 2021, he was again out of this list. According to the Realtime Billionaires report of Forbes, today around 10 pm Gautam Adani was at number 10, and Ambani was at number 11. Earlier Adani used to be at number 12 and Ambani at number 11. While Ambani is 64 years old, Adani is 59 years old.

Tesla's Elon Musk is at number one among the world's richest businessman. His net worth is $232.2 billion. Amazon's Jeff Bezos is at number three. His net worth is $164.8 billion. Gautam Adani's stake in his companies is more than Ambani's holding in Reliance Group companies. Mukesh Ambani holds 50.61% stake in Reliance Industries while Adani holds 70.59% stake in his companies. Their stake in 3 companies of Adani is 74.92-74.92%, while in one company it is 74.80 and in 2 companies it is 60-64%. 10 days ago i.e. on January 25, Gautam Adani left Mukesh Ambani behind. At that time the difference between the assets of both was only one thousand crore rupees. Ambani's assets were Rs 6.71 lakh crore while that of Adani was Rs 6.72 lakh crore. Gautam Adani's net worth was Rs 5.82 lakh crore as on December 31, which has now become Rs 6.84 lakh crore.

In the new year, Gautam Adani's net worth is earning more than Rs 6,000 crore daily. Adani Group's 7 companies are listed on the Indian stock exchange. In January this year itself, all these companies got returns ranging from 5% to 45%. In particular, the group's energy companies have been the biggest gainers. Shares of Adani Enterprises, Adani Power, Adani Green Energy are rising today while the stocks of Adani Port, Total Gas and Transmission are down. Adani Green Energy has a market cap of over Rs 3 lakh crore. Overall we can say that it is also a matter of pride for Indians.