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Gautam Adani’s family surpassed Mukesh Ambani of Reliance Industries, reclaiming the title of India’s wealthiest promoter.After the Supreme Court in Wednesday’s ruling refused to intervene in the market regulator’s investigation into allegations of stock price manipulation by the Adani Group, the shares of the power-to-ports giant experienced a significant surge.
The group’s stocks soared by up to 12 per cent on Wednesday, contributing to an overall market capitalisation gain of over ₹15 lakh crore.
The net worth of the Gautam Adani family increased to ₹9.37 lakh crore, up from ₹8.98 lakh crore a day earlier.
In comparison, the net worth of the Mukesh Ambani family slightly decreased to ₹9.28 lakh crore from ₹9.38 lakh crore during this period.
