Another mile stone laid by Reliance

BusinessAnother mile stone laid by Reliance

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Another mile stone laid by Reliance

New Delhi: Reliance shares closed at an all-time high on July 23. Its stock has reached Rs 2076. On July 22, Mukesh Ambani had total assets of $ 75 billion. Today, his total wealth in the Forbes Billionaire Index rose to $ 77.3 billion. Reliance Industries is the country’s premier company dealing in crude oil, refinery, petrochemical, retail and telecom sectors.

Reliance is the 48th most valuable company in terms of market valuation worldwide by market share data. Saudi Aramco is the world’s most valuable company with a market capitalization of $ 1,700 billion in this category. It is followed by Apple, Microsoft, Amazon and Alphabet (Google).

Reliance Industries shares closed at Rs 2076 on BSE, up 3.59 percent on Thursday. With this, the company’s market valuation crossed Rs 13 lakh crore. The company’s recently issued rights issue and other shares traded separately. The company’s total market valuation stood at Rs 13.5 lakh crore, or over $ 181 billion. Till date, the market capitalization of any Indian company has not crossed the Rs 13 lakh crore mark.

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