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HDFC group m-cap crosses Rs 10 trillion, only second after Tatas

Wednesday, July 11, 2018

Deepak Parekh-led financial services conglomerate HDFC group saw the market capitalisation of its listed firms cross Rs 10 lakh crore mark, making it only the second Indian business house after Tatas to achieve this feat.

HDFC group currently has four listed entities -- housing finance major HDFC Ltd, banking behemoth HDFC Bank, life insurance firm HDFC Standard Life and Gruh Finance -- while Tatas have nearly 30 firms listed on the stock exchange. Another HDFC entity -- its mutual fund arm -- is currently in the process of launching an IPO, after which the group will have five listed firms and analysts have pegged its market capital at around Rs 30,000 crore. At close of trade, the market valuation of HDFC Bank stood at Rs 5,59,633.53 crore, of HDFC Ltd was Rs 3,26,776.81 crore, HDFC Standard Life Insurance Company Rs 95,936.72 crore and Gruh Finance Rs 24,967.71 crore on the BSE.

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