Reliance Becomes India's Most Valued Conglomerate After Jio Listing
· Business · Economic Times, LiveMint
The Reliance Group has overtaken the Tata Group to become India's most valuable conglomerate, reaching a combined market capitalisation of over Rs 28 lakh crore. This shift follows the market debut of Jio Platforms, which listed at Rs 1,358 per share, representing a 21% premium over its IPO price of Rs 1,119. The listing added more than Rs 12.5 lakh crore to the Reliance Group's total market value. Jio Platforms has now become India's second-most valuable company, surpassing Bharti Airtel. The Tata Group, which includes 18 listed companies, currently holds the second position among Indian conglomerates with a market cap of nearly Rs 26 lakh crore.
Why it matters
This change in market hierarchy reflects the significant scale of the Reliance Group's digital and financial services expansion, altering the landscape for major Indian investors and conglomerates.
Read the original report — Economic Times
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.