After Jio's listing, RIL could topple Tata as India's most valuable group
Reliance Industries is poised to become India's most valuable conglomerate following the upcoming IPO of Jio Platforms. The listing is expected to significantly increase the group's market capitalization, surpassing the Tata Group and unlocking value for shareholders.
Why it matters
This shift represents a major realignment in India's corporate landscape, highlighting the growing dominance of digital and telecommunications infrastructure in the national economy.
MUMBAI: In the biggest reshuffle in the country's corporate rankings in decades, Reliance Industries (RIL) Group is all set to overtake Tata Group as India's most valuable conglomerate, once Jio Platforms lists.The proposed listing, at an estimated valuation of Rs 10.3 lakh crore at the upper end of the Rs 1,065-1,119 per share price band, would lift RIL Group's market capitalisation to about Rs 28.5 lakh crore, ahead of Tata Group's Rs 25.5 lakh crore as of Oct 15, according to ET Intelligence data.RIL Group stood at Rs 18.2 lakh crore before the listing. The Jio Platforms IPO is expected to raise Rs 30,188 crore, making it India's largest primary offering.
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