Anil Ambani: Who are those 2 people who changed Anil Ambani's fortune? Business reached 20474 crores
Reliance Power Share Price: The share of Anil Ambani's company Reliance Power has reached Rs 54.25 on the strength of the rise in the last few days. However, this stock has been witnessing a decline for the last two trading sessions.
Reliance Power Market Cap: Anil Ambani's bad times, which reached their worst phase during the Covid pandemic, are now behind him. His derailed vehicle is now slowly making a comeback. With the increasing confidence of investors, the market cap of his companies is also increasing. Reliance Power's share has touched a 52-week high of Rs 54.25. The reason behind the rise in the share and the jump in the market cap is believed to be Reliance Power becoming debt free. Apart from this, younger Ambani's company Reliance Infrastructure has reduced its loan by 87%. The effect of this is that the market cap of Reliance Power has reached Rs 20,474 crore.
Who is behind Anil Ambani's success?
But the speed with which he has reduced the debt of companies and returned to the market, it is natural to ask who is behind his success? Let us tell you that behind this change of his is the strategic partnership of Anil Ambani's sons Jai Anmol Ambani and Jai Anshul Ambani. His entry into the family business has revived the confidence of investors. Especially in reviving Reliance Capital Limited (RCL) under the leadership of Jai Anmol. Shares of Reliance Infra have also risen 60% to Rs 336.20. This is the biggest rise in the company's stock since the year 2018. Apart from this, Reliance Infra has received approval to raise Rs 2,930 crore through FCCB due to financial stability.
What is Anil Ambani's expansion plan?
The group's entry into renewable energy projects in Bhutan has also brought positivity among investors. Anil Ambani-led Reliance Group has announced the establishment of a 1,270 MW solar and hydroelectricity project with the help of Druk Holding. A new unit Reliance Enterprises has been launched to lead this investment and expand its energy business in the Himalayan region.
Net worth of Jai Anmol Ambani
Jai Anmol Ambani has handled the business by playing a tremendous role from his young age. He has played an important role in reviving the group. Starting with Reliance Mutual Fund in 2014, he became the executive director of Reliance Capital in 2017. It was due to his efforts that Japan's Nippon Life Asset Management increased its stake in Reliance. Companies like Reliance Life Insurance and Reliance Capital Asset Management are moving forward under his guidance. This has increased his total wealth to Rs 2,000 crore.
Anil Ambani's younger son Jai Anshul Ambani is making his own identity through important achievements in education and business. Anil Ambani is known for his luxurious lifestyle, while Jai Anshul is known for his education activity and luxurious life. Jai Anshul completed his schooling from an American school. This collective effort under the leadership of the young Ambani has laid the foundation for Anil Ambani's return to billionaire status.