Anil Ambani is an Indian businessman who serves as the chairman and managing director of the Reliance Group. He had a remarkable business career, marked by both successes and challenges. However, in recent years he has faced significant financial difficulties, resulting in legal battles over debt repayment.
Despite these challenges, Anil Ambani has remained an influential figure in the Indian business landscape. He has been actively involved in promoting clean energy initiatives, affordable housing, and entrepreneurship in the country.
Listed below is one such reliance group stock in which Vanguard bought a fresh stake during Q1FY25:
Reliance Infrastructure Ltd
With a market capitalization of Rs. 8,275 crores, the shares of the infrastructure company started Thursday’s trading session on a higher note at Rs. 209.18 compared to its previous close of Rs. 207.17. During the trading session, the shares hit a high of Rs. 211.85, gaining around 2 percent and are currently trading at Rs. 209 apiece.
Coming onto the company’s financial statements, the revenue increased marginally by 0.60 percent from Rs. 4,657.33 crores during the December quarter to Rs. 4,685.96 in the March quarter. On the other hand, the net losses of the company decreased from 21.58 crores to Rs. 5.43 crores during the same timeframe.
Comparing the same metrics on a YoY basis, the revenue increased by around 13 percent from Rs. 4,159.27 crores during Q4FY23 to Rs. 4,685.96 crores in Q4FY24. In addition, the company narrowed down the net losses from Rs. 2,564.18 crores to Rs. 5.43 crores during the same period.
According to the latest shareholding pattern, Foreign Institutional Investors (FIIs) have raised their stake from 11.77 per cent in Q4FY24 to 12.37 per cent in Q1FY25.
Among these, Vanguard one of the world’s largest investment management firms, through its Vanguard Total International Stock Index Fund and Vanguard Emerging Markets Stock Index Fund, acquired a new stake of up to 2.24 per cent.
Moreover, the DIIs have also increased their stake from 2.16 percent during the March quarter to 2.26 percent in the June quarter.
However, Ace Investor Mr Vijay Kedia could have divested his entire 1.01 percent stake in the recent quarter. with his name no longer appearing in the BSE shareholding pattern. Previously, Mr Kedia had acquired approximately 40 lakh equity shares in the company during the last quarter.
Reliance Infrastructure Ltd. is engaged in developing infrastructure projects through various Special Purpose Vehicles (SPVs) in several sectors such as power, roads, metro rail and airports in the infrastructure space and the defence sector.
Written By Vaibhav Patil
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