Reliance Group beats Tata Group after Jio IPO, becomes India's most valued conglomerate

Mukesh Ambani-led Reliance Group has surpassed Tata Group to become India's most valuable conglomerate by market capitalisation after Jio Platforms' ₹30,213-crore IPO made bumper listing. The combined m-cap of 11 listed companies of Reliance group reached an estimated ₹30.26 lakh crore ($318 billion). The combined m-cap of 24 major listed companies of Tata Group is ₹25.37 lakh crore.