Adani Wilmar Limited, or AWL, a joint venture between the Adani group and Wilmar group, deals in consumables such as wheat flour, rice, pulses, sugar and packaged food.
It is also India’s largest manufacturer of edible oil under the Fortune brand.
The stock of AWL has zoomed 249 per cent from its issue price of Rs 230 per share.
The company had raised Rs 3,600 crore through initial public offer (IPO) and had debuted on the bourses on February 8, 2022.
In the past one month, the stock has rallied a whopping 92 per cent, hitting a new high of Rs 802.80
AWL joined the elite group of companies with market capitalization (m-cap) of Rs 1 trillion after the stock went up 5 per cent on the BSE in Tuesdays trade.
Promoter Gautam Adani added another feather to his crown, as he surpassed Mukesh Ambani to not only become the richest Asian, but went past the ‘Oracle Of Omaha’ himself, Mr. Warren Buffett, to become the fifth richest person of the world now.
As per data by Forbes, Gautam Adani is now richer than the 91-year-old Wall Street legend by around $2 billion, as his fortunes rose to $123.7 billion, as per data from the Forbes Real-Time Billionaires List.
Warren Buffet’s net worth now stands at $121.7 billion.
Mr. Adani now is ‘just short’ of Microsoft co-founder Bill Gates with a difference of $7 billion between him and fourth richest person in the world, Gates, with a fortune of $130.2 billion.