Leading conglomerate Tata group has retained its position as India's second most-valued and the only corporate house after Mukesh Ambani group.
MUMBAI: Leading conglomerate Tata group has retained its position as India's second most-valued and the only corporate house after Mukesh Ambani group with a market value of over Rs 3 trillion, despite the Anil Ambani group hitting this milestone in intra-day trades twice.
Tatas are the biggest corporate house among the three in terms of the number of companies listed on the bourses. Besides, Tata group also has the lowest average promoter holding among the three leading business groups, while Anil Ambani group has the highest.
The cumulative market value of all the 30 listed firms of Tata group currently stands at Rs 3,04,473 crore, based on their BSE share prices at the close of the market on Friday.
This is about Rs 7,000 crore more than the total of the five listed Anil Ambani group companies, which stood at Rs 2,97,358 crore at the close of trading last week.
Mukesh Ambani group continues to maintain its leadership with a wide margin with a total market cap of about Rs 5,22,453 crore. There are currently three listed entities in the group, including the country's most valued firm Reliance Industries (about Rs 4,20,000 crore), Reliance Petroleum (RPL) and Reliance Industrial Infrastructure Ltd (RIIL).
Anil Ambani group's listed companies include Reliance Communications (about Rs 1,56,650 crore), Reliance Capital, Reliance Energy, Reliance Natural Resources Ltd and Adlabs Films. Besides, it is currently in the process of listing Reliance Power Ltd, which would be the group's first IPO.
The group's market value had crossed Rs three trillion mark in intra-day trades on Thursday and Friday, but could not sustain this level at the close of tradings on those days.
Tata group's most valued listed firm is Tata Consultancy Services (TCS), which is the country's largest software exporter and has a market cap of about Rs 1,02,200 crore. Other listed companies from the group include Tata Steel, Tata Motors, Tata Power, VSNL, Tata Teleservices, Indian Hotels, Tata Chemicals, Voltas, Titan, Tata Tea, CMC and Trent.
Together, the three corporate houses have a combined market value of more than Rs 11,20,000 crore (close to 285 billion dollars) and is equivalent to close to 15 per cent of the Indian bourses' total market capitalisation.
In terms of promoter holdings also, Mukesh Ambani group leads the pack with about Rs 2,95,000 crore, followed by Anil Ambani group at second position (Rs 1,71,000 crore) and Tatas at the third position (Rs 1,64,200 crore).
However, when it comes the free-float market value, the Tata group is ahead of Anil Ambani group and only next to the Mukesh Ambani group. The free-float market value, measured in terms of value of shares held by non-promoters, of Mukesh Ambani group currently stands at about Rs 2,27,000 crore, while that of Anil Ambani group is about Rs 1,26,000 crore, which is lower than about Rs 1,40,000 crore of Tata group.
Tata group has an average promoter holding at about 49.7 per cent, while that of the Anil Ambani group is about 59.6 per cent. The average promoter holding in the three Mukesh Ambani group firms is about 59 per cent.
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