Reliance Industry Limited becomes the first Indian firm to reach a $200 billion valuations. Lots of investments from so many renowned firms push the share price upward.
The shares price of the company hiked 3.32% on the Bombay Stock Exchange (BSE) to a new record high of Rs.2,233.90. It indicates, the company’s market capitalization reached Rs.14,14,764.90 or $192.85 billion.
The partly paid-up shares of Reliance also go high by 8% to Rs.1,365 which converts into the market cap of Rs.57,815 crore or $7.82 billion.
So, currently the market valuation of Reliance, in total, becomes $200.68 billion which is nearly double of Tata Consultancy Services valued $119 billion.
This year, Reliance collects lots of investments from various renowned investors. Starting from Facebook’s Rs.43,573.62 crore to the recent Silver Lake’s third-time investment of Rs.7500 crore. Apart from these two companies, there are Vista Equity, General Atlantic, KKR, Mubadala, Abu Dhabi Investment Authority, TPG, L Catterton, PIF, Intel, Qualcomm, Google, and more.
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