Among the top 10 business groups in the country, Adani, Bharti and Bajaj have lost the most in percentage terms in the latest market rout. On August 28, the benchmark S&P BSE Sensex has come off 11% from its all-time high.
In comparison, the value of promoter holding of Adani group companies is down 24% or Rs 256 billion ($3.5 billion) and that of Bharti group is down nearly 20% or Rs 253 billion. Shares of Adani Ports and Adani Transmission are fallen 17 % and 34 %, respectively since August 28.
Meanwhile, shares of Bharti Airtel are fallen 23% and Bharti Infratel has declined 7.4%. The promoter wealth erosion in the Bajaj Group is Rs. 354 billion($4.8 billion) or 15.9 %.Whereas Top Bajaj Group firms, Bajaj Finance and Bajaj Finserv are fallen with 22% and 17% during this duration. In absolute terms, promoter wealth erosion is the most Tata Group-fall by Rs 716 billion($9.7 billion) to Rs. 6.5 billion($89 billion) since August 28.
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