Reliance unlocks its value

As per the new valuation, the market capitalisation8212;the market value of its listed shares8212; of petrochemical and oil firm has come down to Rs 96,689 crore from Rs 129,339 crore from Tuesday as the company has spun off its telecom, power and financial sector businesses.

However, it has retained the number two slot behind ONGC, but ahead of NTPC which is in the third slot with a market cap of Rs 90,906 crore. Anil Ambani, the chairman of ADA group, said Reliance demerger has added Rs 55,000 crore to shareholders8217; wealth since June 2005. 8216;8216;RIL8217;s standalone post-demerger is 15 per cent higher than its pre-demerger market capitalisation. Reliance shareholders will further benefit by getting free shares in Anil Ambani companies,8217;8217; he said.

However, the weightage of RIL in the Sensex calculation fell to 9.48 per cent from around 12 per cent earlier.

The market is now awaiting the listing of Anil Ambani group companies, especially Reliance Communication Ventures and Reliance Natural Resources. 8220;As Reliance Infocomm will be part of of RCVL, the markets expects a good valuation for RCVL. We hope the listing will come earlier than March,8221; said an analyst tracking the Reliance group.