DLF at No 9 in M-cap, Singh 4th in billionaire list

DLF  has entered the league of the top 10 market-cap companies in India.

With a market capitalisation of Rs 97,183 crore at the Day 1 stock price of Rs 570, the company will be ranked ninth in the list.

ICICI Bank, though ranked 8th with a market cap of Rs 88,960 crore, will remain at that position or can move up after the listing of shares of its Rs 20,000 crore follow-on public offer.

Reliance continues to  be the leader with a market cap of Rs 2,40,000
crore. ONGC is at number two followed by Bharti, NTPC, Reliance Communications, Infosys, TCS  and  ICICI Bank. BHEL, with a market cap of over Rs 75,000 crore, rounds off the top ten ranking.

DLF  has become the first real estate firm to enter the list of  the top  10  market-cap companies. As the promoter holding in DLF is a huge 87.43%, the net worth of K P Singh and his family will be around Rs 84,968 crore.

The  DFL promoters, however, will still be only the fourth richest Indian after Mukesh  Ambani,  Sunil Mittal and Anil Ambani. Azim Premji, the promoter of Wipro, will slip to number five in the new billionaire list.

Mukesh Ambani with a net worth of over Rs 1,50,000 crore is the undisputed leader of the billionaire club. Sunil Mittal who hold 60.95% in Bharti is worth Rs 1,00,000 crore. Anil Ambani will be at number three with a net worth of Rs 85,600  crore followed by K P Singh and Azim Premji with a net worth of Rs 61,600 crore.