adani groups overtakes tata

Rajkotupdate.news : Tatas is overtaken by Adani Group

With a total market capitalization on the BSE of over 22 lakh crore, the Adani group of companies has surpassed the Tata-led conglomerate to become the most valuable in India.

Based on Friday’s closing, the market valuation of the nine Adani Group companies that are listed on the BSE, including the recently acquired Ambuja Cement and ACC LTD, was more than 22 lakh crore, surpassing the market valuation of 27 Tata Group companies with a market cap of more than 20 lakh crore.

The nine-company Mukesh Ambani group ranked third on the list with a market value of more than 17 lakh crore.

In contrast, Tata Group includes 27 publicly traded firms, of which Tata Consultancy Services (TCS) accounts for 53% of the market capitalization of the conglomerate. Reliance Industries (RIL) makes up 98.5 percent of the Mukesh Ambani group’s market capitalization despite the fact that there are nine listed firms in the company.

With a market capitalization of Rs 16.91 trillion, RIL, a significant oil-to-telecom corporation, is also India’s most valuable company. TCS, India’s largest software exporter, comes next (market capitalization Rs 11 trillion). The wealth of the Adani Group is fairly distributed throughout its group companies, with Adani Transmission being the most valuable at Rs. 4.57 trillion, making up only a fifth of the market capitalization of the entire group.

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