Mukesh Ambani and his family increase personal shareholding in Reliance Industries

• Mukesh Ambani, wife Neeta, daughter Isha and both sons took shares in the open market
• Reliance Industries promoter firm Tatvam Enterprises also bought shares
• A total of 9145 crore shares were purchased, these shares were sold by another promoter firm Devarshi Commercials

Mukesh Ambani, his family members and a promoter firm bought shares worth Rs 9,145 crore of Reliance Industries. Shares were bought on Friday through the open market. Mukesh Ambani, chairman of Reliance Industries, bought 2,68,308 shares, despite another news surfaced on multiple media houses that Mukesh Ambani is out of the list of world’s richest people.

Who bought how many shares?

Name / number of shares purchased
Mukesh Ambani 2,68,308
Nita Ambani 7,03,708
Isha Ambani 7,71,220
Akash Ambani 7,73,620
Anant Ambani 73,00,000
Tatvam Enterprises 7,67,35,388

Shares were purchased at a price of Rs. 1077 and 1056
Reliance Industries chairman Mukesh Ambani, his wife Neeta, daughter Isha and elder son Akash had an average price of Rs 1,077 for the share purchase, while the average price for the purchase of younger son Anant was Rs 1,056. Tattvam Enterprises LLP also received shares at a price of Rs 1,056. All of them bought shares from another promoter firm of Reliance, Devarshi Commercials LLP.

Mukesh Ambani had 0.12% shares as of December 2019.
As of December 2019, Reliance shareholding held 6.97% of Reliance Industries and Devarshi Commercials held 11.48% of the shares held by Reliance. Mukesh Ambani had 0.12% shares. Neeta Ambani, Isha and Akash had shareholding of 0.11–0.11 per cent.

Reliance Industries shares fell 0.86% on Friday
Devarshi Commercials also sold shares worth Rs 11,000 crore on Wednesday. The shares were bought by Samarjit Enterprises LLP, the promoter firm of Reliance Industries itself. On Friday, the Reliance Industries stock closed at Rs 1065.50, down 0.86% on the BSE.

Guess What?

Tatvam Enterprises Also belongs to Ambani’s, The designated partner of the promoter firm Tatvam Enterprises is none other than Anant Mukesh Ambani