Tatas are India's most valued group with Rs 3.7 lakh cr m-cap

New Delhi, Aug 15 (PTI) Coinciding with the beginning of
a search for Chairman Ratan Tata's successor, the Tata Group
has become the country's wealthiest, with a market value of
about Rs 3,71,000 crore -- higher than that of the business
houses led by the two Ambani siblings.
The Tata Group is followed by Mukesh Ambani-run Reliance
Industries group as the second-most valued firm (Rs 3,21,750
crore), Anil Agarwal-promoted Sterlite group at third (Rs
1,35,300 crore), Anil Ambani group at fourth (Rs 1,25,000
crore) and Sunil Mittal-led Bharti group at fifth (Rs 1,20,500
crore), in terms of cumulative market capitalisation.
However, the Tatas would be relegated to second position
if the market values are combined of the two Reliance groups
-- one led by Mukesh Ambani and another by younger sibling
Anil -- in the backdrop of their now harmonious relationship
after years of acrimony till a few months ago.
The combined market capitalisation of the two Ambani
groups currently stand at nearly Rs 4,47,000 crore -- higher
than the Tatas by nearly Rs 77,000 crore.
On a standalone basis, the Tatas have replaced Mukesh
Ambani-led Reliance Industries group as the country's biggest
in terms of market value at a time when the issue of finding a
successor to iconic industrialist Ratan Tata as the next
chairman of the salt-to-software group is hogging the
limelight.
Earlier this month, the Tata Group announced that it has
set up a search panel for identifying a successor to Ratan
Tata, who assumed charge of the group in 1991 and is scheduled
to retire in December, 2012.
The cumulative market capitalisation of about 30 listed
Tata Group companies currently stands at nearly Rs 3,71,000
crore -- a surge of nearly Rs 35,000 crore in the current
quarter beginning July.
At the end of the previous quarter (April-June 2010), the
Tata group had a total market cap of Rs 3,26,000 crore --
making it the second-most valued firm after the Mukesh Ambani
group.
With just two listed companies -- Reliance Industries
(RIL) and Reliance Industrial Infrastructure Ltd (RIIL) -- the
Mukesh Ambani group had a market cap of nearly Rs 3,58,000
crore at the end of the previous quarter. It has declined by
nearly Rs 37,000 crore so far in the current quarter.
The Anil Ambani Group, with seven listed companies,
currently has a total market value of nearly Rs 1,25,000 crore
-- down from nearly Rs 1,42,400 crore at the end of the June
quarter. The group was the country's third-most valued after
the Mukesh Ambani and Tata Groups at the end of the previous
quarter. MORE PTI SKR
KAB


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