Stock surge gives Ambani edge in wealth race
The New Indian Express|November 26, 2021
Caught in a battle of billionaires, personal fortune of Gautam Adani and Mukesh Ambani stands almost at par

SHARES of Reliance Industries (RIL) jumped over 6% on Thursday, a day after the conglomerate announced that its board has decided to implement ‘a scheme of arrangement’ to transfer gasification undertaking into a wholly-owned subsidiary.

This surge comes at a time when personal fortune of Gautam Adani, Chairman of Adani Group, and RIL boss Mukesh Ambani (In picture) is almost at par and there is a possibility that the former may topple the latter to become Asia’s and India’s richest billionaire in the very near future.

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