Tatas is the 2nd most valued group after Ambani | business | Hindustan Times
Today in New Delhi, India
Jan 24, 2017-Tuesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Tatas is the 2nd most valued group after Ambani

business Updated: Dec 16, 2007 12:31 IST
PTI
Highlight Story

Leading conglomerate Tata group has retained its position as India's second most-valued and the only corporate house after Mukesh Ambani group with a market value of over Rs three trillion, despite the Anil Ambani group hitting this milestone in intra-day trades twice.

Tatas are the biggest corporate house among the three in terms of the number of companies listed on the bourses. Besides, Tata group also has the lowest average promoter holding among the three leading business groups, while Anil Ambani group has the highest.

The cumulative market value of all the 30 listed firms of Tata group currently stands at Rs 3,04,473 crore, based on their BSE share prices at the close of the market on Friday.

This is about Rs 7,000 crore more than the total of the five listed Anil Ambani group companies, which stood at Rs 2,97,358 crore at the close of trading last week.

Mukesh Ambani group continues to maintain its leadership with a wide margin with a total market cap of about Rs 5,22,453 crore. There are currently three listed entities in the group, including the country's most valued firm Reliance Industries (about Rs 4,20,000 crore), Reliance Petroleum (RPL) and Reliance Industrial Infrastructure Ltd (RIIL).

Anil Ambani group's listed companies include Reliance Communications (about Rs 1,56,650 crore), Reliance Capital, Reliance Energy, Reliance Natural Resources Ltd and Adlabs Films. Besides, it is currently in the process of listing Reliance Power Ltd, which would be the group's first IPO.

The group's market value had crossed Rs three trillion marks in intra-day trades on Thursday and Friday, but could not sustain this level at the close of tradings on those days.