Sun Pharma’s tycoon Dilip Shanghvi outpaced Reliance Industries chief Mukesh Ambani as the world’s richest Indian on Wednesday.
The shares of Sun Pharma and and Sun Pharma Advanced Research Company, or sparc(Sun Pharma’s research and development arm), closed at record high on Wednesday.
This has resulted Sun Pharma Group’s promoter Dilip Shanghvi to become richest Indianleaving behind Mr. Mukesh Ambani Reliance Industries chief.
Excluding Ranbaxy’s valuation (as its merger with sun pharma is yet to be completed),Shanghvi’s net worth after Wednesday’s gain was Rs. 1.4 lakh crore. Whereas Ambani’s net worth was Rs. 1.3 lakh crore.