Ambani brothers' split is proving to be a blessing in disguise for the investors as they have seen nearly doubling of their wealth in less than four months since Reliance Industries began trading on a post-demerger split basis.
The total investor wealth from both Mukesh and Anil Ambani groups has nearly doubled since January 18 this year, when the erstwhile RIL began trading on a split basis following the implementation of the scheme of arrangement reached between the two brothers.
Since then shareholders have emerged clear winner from the whole affair of the split in the Ambani family that marked one of the biggest family and business splits in corporate India.
The cumulative market capitalisation of all the listed entities from the Mukesh and Anil Ambani groups of companies surged nearly 99.2 per cent to Rs 2,48,490.29 crore (Rs 2484.9 billion) as on May 9, from Rs 1,24,724.73 crore (Rs 1247.24 billion) on January 18.
RIL's market cap alone has surged nearly 66.5 per cent to Rs 1,60,943.21 crore (Rs 1609.43 billion) as on May 9, from Rs 96,688.69 crore (Rs 966.88 billion) on January 18. India's largest corporate entity is only next to PSU oil exploration major ONGC in terms of market-cap that surged past Rs 2 lakh crore (Rs 2 trillion) on Tuesday.
The latest figure comprises of the market caps of RIL, Indian Petrochemicals Ltd and Reliance Industries Infrastructure from the Mukesh Ambani group and Reliance Communications Ventures Ltd, Reliance Capital, Reliance Energy, Reliance Natural Resources Ltd, Reliance Capital Ventures Ltd and Reliance Energy Ventures Ltd from the Anil Ambani group companies.
The retail investors have been among the biggest gainers from the whole exercise, as their holding in the combined market cap of the two groups of companies has seen a bigger jump than the increase in the total market cap figures.
While excluding the stake of promoters and institutional investors, the share of retail investors, as per the data available with the filings made by the companies to the Bombay Stock Exchange under the head 'Indian Public,' in the combined market cap has more than doubled since January 18.
The share of retail investors surged ahead nearly 122 per cent, or Rs 19,789.30 crore (Rs 197.89 billion), to Rs 36,012.66 crore (Rs 360.12 billion) as on May 9, from Rs 16,223.36 crore (Rs 162.23 billion) on January 18. The overall retail investor stake in the listed companies from the the two groups jumped nearly 75 per cent from Rs 20,650.11 crore (Rs 206.50 billion) as on January 17.
The retail investor data is based on the latest shareholding patterns filed by the companies to the BSE for the March 2005-06 quarter. The average retail investor stake in the five pre-split Reliance group companies stood at 15.9 per cent, while it rose to 17.7 per cent in the nine currently listed entities as on March 31.
The combined market cap of the four Anil Dhirubhai Ambani Group companies -- RCoVL, REVL, RCVL and RNRL -- the four demerged entities that were largely carved out of the erstwhile RIL and were subsequently listed on the bourses as per the scheme of demerger reached between the two brothers, stood at Rs 54,264.18 crore (Rs 542.64 billion) on May 9, as per the data available on the BSE.
In comparison, the combined market cap of the three Mukesh Ambani group companies -- RIL, IPCL and Reliance
Industrial Infrastructure -- was Rs 1,69,147.41 crore (Rs 1691.47 billion) on May 9, representing a gain of Rs 65,657.79 crore (Rs 656.57 billion) or nearly 63.4 per cent over 1,03,489.72 crore (Rs 1034.89 billion) on January 18 this year.
The two groups have added Rs 1,23,765.56 crore (Rs 1237.65 billion) to their combined investor wealth since January 18 and Rs 91,230.25 crore (Rs 912.30 billion) since January 17, as on May 9.
A comparison of the latest figures with the combined market cap on January 17 this year, the last day RIL traded on
pre-split basis, shows a jump of nearly 58 per cent in the total investor wealth from the listed entities of the two
groups.
The combined market cap of the five pre-split Reliance group companies -- RIL, REL, Reliance Capital, Reliance
Industrial Infrastructure Ltd and IPCL -- stood at Rs 1,57,260.04 crore (Rs 1572.60 billion) on January 17.
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