NEW DELHI: Largely unaffected by the recent carnage in stock markets, salt-to-software conglomerate Tata Group is closing in on to become the country's first business house to attain a market valuation of Rs 6 lakh crore.
The cumulative market capitalisation of all 32 listed companies of the Tata group has risen to nearly Rs 5.90 lakh crore as on Friday — the highest for any business house in the country and almost double the market value of the second ranked Mukesh Ambani-led Reliance Industries Group.
The total market value of Tata group exceeds the combined market capitalisation of at least three leading business houses in the country — Mukesh Ambani-led RIL group (about Rs 2.75 lakh crore), Kumar Mangalam Birla-led Aditya Birla Group (about Rs 1.5 lakh crore) and Anil Ambani-led Reliance Group (about Rs 62,000 crore).
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