Deepak Parekh-led HDFC group market-cap hits Rs 10 trillion mark
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.
HDFC group's HDFC Bank is the country's third most valued firm in terms of market capitalisation (m-cap). Image source: Reuters