The total market value of the Anil Ambani's Reliance Group companies comes to less than Rs 50,000 crore now, compared to aggregate peak values of over Rs 4 lakh crore. Below is a chart
The market valuation of Reliance Naval & Engineering (RNE), the erstwhile Pipavav Shipyard which was acquired by Reliance Infrastructure in 2015, is now close to that of RCom today. RCom which had a peak market cap of Rs 1.69 lakh crore on January 9, 2008, is now valued at Rs 3,907 crore. Compared to the January 2016 market value, the RNE valuation has fallen 42 per cent now.
Reliance Power, which had a Rs 11,700 crore IPO in 2008, is now valued at Rs 11,472 crore, lower than the capital it raised from IPO. The peak valuation of Reliance Power was over a lakh crore in February 2008. The IPO power of Anil Ambani's group hasn't faded yet as the Rs 1,540-crore IPO of Reliance Nippon Life Asset Management (RNAM) got overall subscribed 81.49 times at the end of last week.
The market valuation of Reliance Naval & Engineering (RNE), the erstwhile Pipavav Shipyard which was acquired by Reliance Infrastructure in 2015, is now close to that of RCom today. RCom which had a peak market cap of Rs 1.69 lakh crore on January 9, 2008, is now valued at Rs 3,907 crore. Compared to the January 2016 market value, the RNE valuation has fallen 42 per cent now.
Reliance Power, which had a Rs 11,700 crore IPO in 2008, is now valued at Rs 11,472 crore, lower than the capital it raised from IPO. The peak valuation of Reliance Power was over a lakh crore in February 2008. The IPO power of Anil Ambani's group hasn't faded yet as the Rs 1,540-crore IPO of Reliance Nippon Life Asset Management (RNAM) got overall subscribed 81.49 times at the end of last week.