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Reliance Power Market Cap: The bad times of Anil Ambani, who reached his worst phase during the Covid pandemic, have now become history. His derailed business vehicle is now slowly gaining momentum. Due to increasing confidence of investors, the market cap of their companies is also increasing. Reliance Power share worth Rs. A 52-week high of 54.25 has been reached. Reliance Power's debt relief is being considered the reason behind the rise in shares and increase in market cap. Apart from this, Anil Ambani's company Reliance Infrastructure has reduced its debt by 87 percent. With this, the market cap of Reliance Power reached Rs 20,474 crore.
Who is behind Anil Ambani's success?
But looking at the speed with which they reduced corporate debt and made a comeback in the market, the question arises who is behind their success? Let us tell you that behind this change is the strategic partnership of Anil Ambani's son Jai Anmol Ambani and Jai Anshul Ambani. His entry into the family business has rekindled investor confidence. Particularly in the revival of Reliance Capital Limited (RCL) under the leadership of Jai Anmol. Shares of Reliance Infra also increased by 60% to Rs 336.20. This is the biggest rise in the company's shares since 2018. Furthermore, due to financial stability, Reliance Infra has received Rs. Approval has been given to raise Rs 2,930 crore.
What is Anil Ambani's plan?
The group's entry into renewable energy projects in Bhutan has also brought positivity among investors. Anil Ambani-led Reliance Group has announced to set up a 1,270 MW solar and hydro power project with the help of Druk Holding. A new entity, Reliance Enterprises, has been launched to lead this investment and expand its energy business in the Himalayan region.
Jai Anmol Ambani Net Worth
Jai Anmol Ambani has played a good role in business since a young age. He has played an important role in reviving the group. Starting with Reliance Mutual Fund in 2014, he became the executive director of Reliance Capital in 2017. It was due to his efforts that Japan's Nippon Life Asset Management increased its stake in Reliance. Under his guidance, companies like Reliance Life Insurance and Reliance Capital Asset Management are progressing. With this his total wealth has increased to Rs 2,000 crore.
Anil Ambani's younger son Jai Anshul Ambani is creating a distinct identity for himself through significant achievements in education and business. Anil Ambani is known for his luxury lifestyle. While Jai Anshul is known for his academic activities and luxurious life. Jai Anshul completed his schooling from an American school. This collective effort, led by the young Ambani, has laid the foundation for Anil Ambani's return to billionaire status.