Anil Ambani’s bad times are now behind him after he reached his worst phase during the COVID-19 pandemic. His derailed car 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. Reliance Power’s debt-free status is believed to be the reason behind the rise in the share and the jump in market cap. 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 the person behind Anil Ambani’s success?
But with the speed with which he has reduced the debt of the companies and made a comeback in the market, it is natural to ask who is behind his success. Let us tell you that behind this change is the strategic partnership of Anil Ambani‘s sons Jai Anmol Ambani and Jai Anshul Ambani. Their 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 by 60% to Rs 336.20. This is the biggest rise in the company’s stock since 2018. Apart from this, Reliance Infra has received approval to raise Rs 2,930 crore through FCCB due to financial stability.
