Mumbai: Adani Group stocks rallied for the fourth consecutive day on Friday after the promoters raised ₹15,446 crore by selling stakes in four companies to US-based investment firm GQG Partners on Thursday.
The total market value of Adani’s 10 listed companies rose by ₹68,300 crore on Friday after gaining ₹1.04 lakh crore in the previous three trading sessions. Gautam Adani’s wealth, as shown in the Forbes Billionaires List, rose $5.4 billion on Friday to $43.3 billion, and his ranking jumped from 37 early this week to 26 on Friday.
