RIL Group Overtakes Tata
New
Delhi,
1
Jan,
2008
:
Last
year"s
number
one,
the
Tata
group,
is
now
a
distant
number
two
with
a
market
capitalisation
of
Rs
3.20
trillion.
This
came
despite
TATA"s
acquisition
of
Corus
steel.
While,
Close
contender
Anil
Dhirubhai
Ambani
Group
is
third
largest
group
with
a
market
capitalisation
of
Rs
3.03
trillion.
However it could move up to the second position in the near future after the listing of its company Reliance Power, which is likely to add market cap worth Rs 1,20,000 crore.
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Story first published: Wednesday, January 2, 2008, 21:33 [IST]