Monday, March 6 2006 18:19 Hrs (IST) - World Time -

New Delhi: Anil Dhirubhai Ambani Group's market capitalisation increased to Rs 86,000 crore following the listing of the group company - Reliance Communication Ventures Ltd (RCoVL).

"The market capitalisation of ADAG has jumped to Rs 86,000 crore following the listing of RcoVL today (Mar 06 2006)" ADAG Chairman Anil Ambani said.

The networth of the ADAG stands at Rs 25,000 crore making it the third largest on this parameter.

The operating profit of the group stands at Rs 5,000 crore. The group has 25 million customers, the largest in India, and eight million shareholders.

Ambani said the group would invest Rs 5,000 crore a year over the next three years on telecom business, including broadband and wireless.

The equity of RCoVL is Rs 612 crore and will consist of 122 crore shares of Rs five each.