The restructuring of the Reliance group has unlocked considerable wealth for the shareholders including the Ambani brothers. The total market capitalisation of Reliance Industries (RIL) and the four companies which were de-merged from RIL touched Rs1.49 lakhs yesterday when the last of the 4 de-merged companies, RComVL, got listed.
As compared to the market capitalisation of Rs129,387 crore for the undivided RIL on the last day it traded as a combined entity in January 2006, RIL shareholders have gained Rs19,637 crore.
Post de-merger market capitalisation
Note: Based on NSE closing prices of 06 March
|Company ||Mcap in Rs. crores|
|Reliance Industries || |
|RComVL || |
|RNRL || |
|REVL || |
|RCVL || |
|Total || |
However if the market capitalisation of Rs76,615 crore for the undivided RIL in June 2005 - when the de-merger was announced - is considered, investors have gained around Rs72,000 crore from the de-merger process combined with the market rally.
Anil Ambani, in his press release yesterday, emphasised the value creation of over Rs70,000 crore in a short span of 9 months or so when the original RIL took over 28 years to reach a market capitalisation of Rs70,000 crore.
The Ambani brothers have also benefited considerably from the de-merger as their personal net-worth has increased substantially. Mukesh Ambani is reportedly worth around Rs43,000 crore based on his holdings in the listed companies while Anil Ambani is worth around Rs32,000 crore.