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Reliance will become India's most valuable corporate group says Uday Kotak
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News18•16-10-2026, 15:18
Reliance will become India's most valuable corporate group says Uday Kotak
- •Veteran banker Uday Kotak stated that with Jio Platforms entering the stock market, the Reliance Group will overtake the Tata Group to emerge as India's highest market-valued business group.
- •Based on the upper end of the IPO price band, Jio Platforms is valued at around Rs. 10.3 lakh crore.
- •Combined with Reliance Industries and Jio Financial Services, the Reliance Group's overall market value will reach approximately Rs. 28.3 lakh crore.
- •This valuation will place the Reliance Group ahead of the Tata Group, which stands at a market capitalization of Rs. 25.5 lakh crore, by about Rs. 2.8 lakh crore.
- •The Jio Platforms IPO aims to raise Rs. 30,213 crore, with the public issue opening for subscription on October 21 and closing on October 23.
Key Questions Answered
Following the stock market listing of Jio Platforms, the overall market value of the Reliance Group is projected to reach approximately Rs. 28.3 lakh crore.
The Jio Platforms public issue is scheduled to open for subscription on October 21 and will close on October 23.
After the completion of the IPO, Reliance Industries will maintain a 64.41% stake in Jio Platforms.
