By Malvika Gurung
Investing.com -- Gautam Adani-led energy-to-infrastructure conglomerate is now the second most valued listed conglomerate in the country, in terms of the market capitalization of group companies, toppling the Mukesh Ambani-led companies from the position.
Tata Group is the largest listed conglomerate in India, with a total market capitalization of group companies at Rs 22.05 lakh crore.
Adani (NS: APSE ) Group companies’ collective market capital has totalled Rs 19.73 lakh crore, surpassing Mukesh Ambani Group companies’ market valuation of Rs 17.82 lakh crore even though the former’s debt surged 41% YoY to Rs 2.2 lakh crore, as of March 31, 2022, stated a Moneycontrol report.
The edible oil major of Adani Group, Adani Wilmar (NS: ADAW ) has soared a whopping 215% since its listing on the Indian exchanges in Feb 2022.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.