Monday, September 23, 2024
HomeTop HeadlinesWhere Did Gautam Adani Spend Rs 23,000 Crore And How Will It...

Where Did Gautam Adani Spend Rs 23,000 Crore And How Will It Benefit The Company?


Industrialist Gautam Adani

India’s second richest man Gautam Adani and the promoters of the Adani Group have invested Rs 23,000 crore in the April-June quarter. This will not only benefit him personally but will also be beneficial for the Adani Group companies.

In fact, the promoters of the company have increased their stake in 5 group companies. This includes Adani Energy Solutions, Adani Enterprises, Ambuja Cement, Adani Power Limited and Adani Green Energy.

This great participation in Ambuja Cements

The promoters of the Adani Group have increased their stake in the group’s cement company, Ambuja Cements, by 3.59 per cent. It was 66.74 per cent earlier and now it is 70.33 per cent. Gautam Adani and his family have invested around Rs 8,339 crore in Ambuja Cement. The Adani family had invested Rs 5,000 crore in this company in October 2022 and then Rs 6,661 crore in March this year.

I invested a lot in these companies.

Promoters of Adani Group have increased their stake in the group’s flagship company Adani Enterprises by 2.11 per cent. Their stake has now increased to 74.72 per cent. Further, the promoters’ stake in Adani Green will now increase by 1.15 per cent to 57.52 per cent.

The Adani family has increased its stake in Adani Power by 0.96 per cent to 72.71 per cent. Its stake in Adani Energy Solutions has increased by 1.72 per cent to 74.94 per cent.

Apart from this, 5 other companies of the Adani Group are listed on the stock exchange. These companies are ACC Cement, Adani Port, Adani Total Gas, NDTV and Adani Wilmar. There has been no change in the shareholding structure of their promoters till June 30, 2024.

Adani, the 14th richest man in the world

Gautam Adani is the second richest person in India. According to the Bloomberg Billionaires Index, he is the 15th richest person in the world. His total net worth is $103 billion. His business spans from ports to airports, mining, cement, green energy and consumer goods.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments