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This Article is From Oct 11, 2023

Adani Group Stocks Add Over Rs 21,000 Crore To Investor Wealth  

Adani Group Stocks Add Over Rs 21,000 Crore To Investor Wealth  
The Adani Group logo is seen on the facade of one of its buildings.(Source: Amit Dave/Reuters)

Shares of Adani Group companies gained on Wednesday, with Adani Green Energy Ltd. leading the advance by nearly 3%.

ACC Ltd., Adani Power Ltd., New Delhi Television Ltd., Adani Wilmar Ltd., Ambuja Cements Ltd. and Adani Enterprises Ltd. all rose over 1%.

Adani Group stocks added Rs 21,415 crore to investor wealth, taking their total market capitalisation to Rs 10.9 lakh crore so far on Wednesday.

As of 10:26 a.m., the shares added Rs 15,273 crore in market value, taking the capitalisation to Rs 10.8 lakh crore.

Disclaimer: AMG Media Networks Ltd. (AMNL) currently owns 49% stake in Quintillion Business Media Ltd. (QBML), the owner of BQ Prime Brand. AMNL has entered into an MOU to acquire the balance 51% stake in QBML. Post acquisition, QBML will become a wholly owned subsidiary of AMNL.

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