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Mukesh Ambani poorer by Rs 23,871 crore in stocks crash as Sensex slips below 50K

Mukesh Ambani poorer by Rs 23,871 crore in stocks crash as Sensex slips below 50K
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Synopsis
The ordinary shares of Reliance Industries closed down 3.52 per cent at Rs 2,007.40. The partly-paid shares slumped 4.52 per cent to Rs 1,133.70.
The equity wealth of Mukesh Ambani and his family, which is largely concentrated in RIL, declined to Rs 6,47,421 crore from Rs 6,71,292 crore on Friday.
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NEW DELHI: Mukesh Ambani, the richest man in India, lost Rs 23,871 crore as investors dumped Reliance Industries (RIL) stocks along with other high-flying names on Monday as rising coronavirus cases spooked markets.
RIL shares also took a hit after the Supreme Court halted the Reliance Retail deal to acquire Future Group assets. Interestingly, the deal size at Rs 24,713 crore was similar to Ambani’s wealth loss on Monday.

Suresh-kamath , Ashok-agrawal , Indicator-of-the-market-movement , Sri-advani , Strict-diet , Market-movement , Reliance-industries-shares , Mukesh-ambani , Ril-share-price , Reliance-industries-share-price , Reliance-industries-stock-price