The claim came a day after two rating agencies, Moody's and Fitch, had downgraded seven of the group companies. However, this has lifted the share prices of the group companies, collectively rallying to add ₹1.2 trillion to their market cap.
After the crisis hit, the 11 listed group companies had lost more than ₹3 trillion in value.
This story is from the November 28, 2024 edition of The New Indian Express.
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This story is from the November 28, 2024 edition of The New Indian Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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