Adani 3rd Indian group to cross $100 bn in m-cap

Mumbai, April 6

Billionaire Gautam Adani’s ports-to-energy conglomerate has become India’s third group to cross $100 billion in market capitalisation with shares of four of its six listed companies soaring to an all-time high on Tuesday.

The total market cap of Adani Group’s six listed companies at the close of trading on Tuesday was Rs 7.84 lakh crore. Adani is the third Indian group to cross the $100 billion market cap-mark after Tatas and Reliance.

After starting out as a commodities trader in the late 1980s, Gautam Adani has over two decades built an empire that now spans from mines, ports and power plants to airports, data centre, city gas and defence. — PTI

Six listed firms worth Rs 7.84 l cr

• The total market cap of Adani Group’s six listed companies at the close of trading on Tuesday was Rs 7.84 lakh crore or $106.8 billion, according to stock exchange data