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    THE ADANI JUGGERNAUT

    Nov 11, 2021 4 minutes
    BY RAHUL OBEROI

    Billionaire Gautam Adani-led Adani Group has created enormous wealth for investors amid the ongoing rally in the domestic equity market. Since the last (2020) edition of the BT500, the cumulative 12-month average market capitalisation (mcap) of the group has soared to over ₹6.11 lakh crore as of September 30, 2021, from ₹1.93 lakh crore on the same day in 2020. Out of the six listed entities, five have more than doubled investors’ wealth during the same period.

    Except for a brief period in July when there was confusion about the concentrated ‘overseas investor’ shareholding, which seemed to have been blocked by the National Securities Depository Limited (NSDL) for some time,

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