Billionaire Ambani brothers’ family portfolio in Reliance
The India Street Analysis
The India Street published Rakesh Jhunjhunwala’s portfolio few months ago. Mukesh Ambani was reported to be the world’s richest person by Indian media. But it was denied immediately by Reliance.
While there are many figures floating around media about their net worth, The India Street attempts to look from a different angle: their family shareholding in Reliance.
Mukesh is married to Nita and they have three children, Akash, Isha and Anant. Anil is married to Tina and they have two sons, Jaianmol and Jaianshul.
We discussed about Mukesh Ambani and Anil Ambani group companies in my earlier article, “Mukesh Ambani vs Anil Ambani : Which Brother's Companies are the better Investment?” as well as “Hot or Not? Ambanis on a dream run!”
Let us analyze the Ambani families’ (including Kokila Ambani) stake in Reliance group companies. We will be discussing only the shareholding in the names of family members.
The data source for the tables given below is BSE, and it is as on September 30, 2007.
Mukesh Ambani group companies:
Reliance Industries Limited:
| Name | Number of shares | % of total shares |
| Kokila Ambani | 3665227 | 0.26 |
| Mukesh Ambani | 1807923 | 0.13 |
| Nita Ambani | 1699073 | 0.12 |
| Akash Ambani | 1681595 | 0.12 |
| Isha Ambani | 1682195 | 0.12 |
| Anant Ambani | 50000 | 0.00 |
If we add all the shareholding, it amounts to only 0.75% of the total number of shares. At the current market price of Rs.2713 the market value of the family’s holding works out to Rs.2872 crores.
Mukesh Ambani family does not have a single share on their name in Reliance Petroleum Limited and Reliance Industrial Infrastructure Limited. Interestingly, Anil Ambani controlled Reliance Capital has 1.06% stake in RIIL.
Anil Ambani group companies:
Reliance Energy Limited:
| Name | Number of shares | % of total shares |
| Kokila Ambani | 274891 | 0.12 |
| Anil Ambani | 139437 | 0.06 |
| Tina Ambani | 123812 | 0.05 |
| Jaianmol Ambani | 125231 | 0.05 |
| Jaianshul Ambani | 7 | 0 |
At the current market price of Rs.1852, the market value is around Rs.123 crores. But, their total shareholding percentage is just 0.28.
Reliance Natural Resources Limited:
| Name | Number of shares | % of total shares |
| Kokila Ambani | 3665227 | 0.25 |
| Anil Ambani | 1859171 | 0.13 |
| Tina Ambani | 1650832 | 0.11 |
| Jaianmol Ambani | 1669759 | 0.11 |
| Jaianshul Ambani | 100 | 0 |
In RNRL, Ambanis have slightly more shareholding at 0.60% and the market value is Rs.126 crores at the current price of Rs.142.
Reliance Communications Limited:
| Name | Number of shares | % of total shares |
| Kokila Ambani | 4665227 | 0.23 |
| Anil Ambani | 1859171 | 0.09 |
| Tina Ambani | 1650832 | 0.08 |
| Jainmol Ambani | 1669759 | 0.08 |
| Jainshul Ambani | 100 | 0 |
The current market price is Rs.787 and the market value is Rs.774 crores.
Reliance Capital Limited:
| Name | Number of shares | % of total shares |
| Kokila Ambani | 545126 | 0.22 |
| Anil Ambani | 273891 | 0.11 |
| Tina Ambani | 263474 | 0.11 |
| Jaianmol Ambani | 83487 | 0.03 |
| Jaianshul Ambani | 5 | 0 |
At Reliance Capital’s current price of Rs.1986 the market value works out to Rs.232 crores.
Total market value of Anil Ambani family portfolio is around Rs.1254 crores.
Conclusion:
Under the promotor and promotor group category, Reliance Industries Limited has 48 individuals/companies listed, for e.g. Petroleum Trust, Reliance Enterprises Limited etc. Similarly, the Anil Ambani group companies feature names like AAA Project Ventures Private Limited, Reliance Innoventures Private Limited, AAA Power Systems Global Private Limited, AAA Communication Private Limited, AAA Enterprises Private Limited etc. The Ambanis’ stake in these companies is not available.
Also, it is virtually impossible to know what other companies stocks they buy on their names. Obviously it is difficult to guess why they are not interested in increasing their personal stake in group companies.
Given this kind of a scenario, it is hard to estimate their actual share holding and the market value.